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Published 2 months ago

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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