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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 a slight increase due to limited job opportunities for jobseekers.
  • Statistics Canada's survey revealed only 27,000 jobs were added last month, insufficient to prevent the unemployment rate from climbing.
  • The report highlighted that job gains were in part-time roles in Ontario, causing the expected increase in the unemployment rate to 6.2%.
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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 Canada on Friday, June 7, 2024.
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