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Canada Adds 26,700 Jobs, Unemployment Rate Rises to 6.2%

  • Canada's unemployment rate rose to 6.2% in May, with the addition of 27,000 jobs being insufficient to prevent the increase, according to Statistics Canada.
  • The increase in part-time jobs led to the job market upswing in Canada, but the unemployment rate still rose to 6.2% due to declining full-time employment.
  • The Canadian job market experienced a softening trend in May as young people, especially returning students aged 20 to 24, faced a 2.9% decrease in employment rates.
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27 Articles

Bradford TodayBradford Today
+8 Reposted by 8 other sources
Lean Left

Canada’s jobless rate rises to 6.2% in May as labour market disappoints jobseekers

OTTAWA — Canada’s unemployment rate continued its upward climb in May, rising slightly to 6.2 per cent as opportunities became harder to find for prospective jobseekers.

·Bradford West Gwillimbury, Canada
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CastanetCastanet
+7 Reposted by 7 other sources
Center

Canada’s unemployment rate rises to 6.2% in May, economy adds 27,000 jobs

Canada’s unemployment rate ticked up to 6.2 per cent in May as the job market continued to show signs of weakness. Statistics Canada’s latest labour force survey showed the economy added 27,000 jobs last month – too modest of a gain to keep the unemployment rate from rising by a te...

·Kelowna, Canada
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BNN Bloomberg broke the news in Toronto, Canada on Friday, June 7, 2024.
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