On Air Now More FM Workday Kick off 9:00am - 11:55am
Now Playing Kc & The Sunshine Band That's The Way (I Like It)

Unemployment Rate Rises to 5.5%

The unemployment rate in Canada has increased for a third consecutive month

The country's unemployment rate rose last month. 

Statistics Canada says the rate went up one point, to 5.5 percent. 

About 6400 jobs across the country were lost.

This is the third month in a row that the unemployment rate has gone up. 

This comes as the economy also battles high interest rates, making borrowing more costly for individuals and businesses.

Experts also say population growth is a factor.

More from Local News