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unemployment rate predictionfinancialpost
•Business
Business & Economics
78% Informative
Unemployment rate rises to 6.7 per cent from 6.6 per cent in March , Statistics Canada says.
The economy gave up 33,000 positions last month , missing analysts’ estimates for a gain of 10,000 .
Full-time and private-sector positions took the brunt of the hit, with the former falling by what he calls a “heavy 62,000 ”.
The Bank of Canada might feel compelled to cut rates by another 25 basis points to 2.5 per cent in April , even though Canada missed the reciprocal tariff bullet.
“Weariness about the macroeconomy and recession fears, including that of a global recession, will cause layoffs and delays in hiring across sectors,” she said.
VR Score
86
Informative language
87
Neutral language
77
Article tone
formal
Language
English
Language complexity
54
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
9
Source diversity
6
