Story perspectives

Canada's Job Losses Soar, EI Claims Rise 13.2%

9/20/2025

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Summary

Story summary

Canada's Employment Insurance (EI) beneficiaries increased by 1.2% in July, marking a 13.2% rise since January.
The unemployment rate reached 7.1%, the highest level since 2016, excluding the pandemic period.
Over 100,000 jobs were lost in July and August, indicating a weakening labor market.
U.S. tariffs significantly contributed to job losses, leading the Bank of Canada to lower interest rates.
In Ontario, EI recipients surged by 50% since before the pandemic, particularly in education and social services.

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Story summary

Canada's Employment Insurance (EI) beneficiaries increased by 1.2% in July, marking a 13.2% rise since January.
The unemployment rate reached 7.1%, the highest level since 2016, excluding the pandemic period.
Over 100,000 jobs were lost in July and August, indicating a weakening labor market.
U.S. tariffs significantly contributed to job losses, leading the Bank of Canada to lower interest rates.
In Ontario, EI recipients surged by 50% since before the pandemic, particularly in education and social services.