Canada Sheds 40,800 Jobs in July as Manufacturing and Youth Employment Decline
OTTAWA – August 8, 2025 – Canada’s job market took a sharp downturn in July, losing 40,800 positions and marking the lowest employment rate in eight months, according to Statistics Canada. This drop comes after a strong gain of 83,000 jobs in June, showing the fragile state of the labor market. Unemployment Holds at 6.9%…