On Air Now More FM Workday Kick off 9:00am - 11:55am
Now Playing Tom Cochrane Life Is A Highway

Unemployment Rate Stays at 5.5 Percent

Canadian economy added 40,000 jobs last month

The country's unemployment rate didn't change last month. 

According to Statistics Canada, the rate stayed at 5.5 percent. 

The agency says 40,000 jobs were added, with gain in professional, technical and scientific services, as well as construction. 

However, there were drops in manufacturing and education jobs.

Hourly wages also increased by 4.9 percent on an annual basis.

The agency also points to a strong population growth of about 81,000 per month in the country. 

The report comes just days after the Bank of Canada decided to keep its key interest rate at five percent.

More from Local News