Canada’s Unemployment Rate Drops to 7.4%

Statistics Canada announced today that Canada’s unemployment rate fell to a two-year low in May of 7.4 percent. All together, 22,300 jobs were created in May following April’s gain of 58,000 new positrons.

While the news is certainly positive, it is noteworthy that the number of self-employed positions were up sharply suggesting that many unemployed Canadians launched their own businesses in recent months.

Source: CBC News

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