Canada's economy posts modest job gains in June, unemployment rate edges down
The jobless rate fell as hiring topped expectations, while wage growth for permanent employees accelerated to 3.7%, Statistics Canada said.
- On Friday, Statistics Canada reported Canada's national unemployment rate edged down to 6.5 per cent in June as the economy added a net of 18,200 jobs.
- Labour market figures have shown significant volatility recently; May's unexpected 88,000-job gain partially offset earlier losses, though economists caution that monthly snapshots may fluctuate due to small statistical samples.
- Youth unemployment fell to 12.7 per cent from 13.4 per cent, while average hourly wages for permanent employees grew 3.7 per cent in June, with gains concentrated in accommodation and retail trade.
- This June report serves as the Bank of Canada's final major economic read before Wednesday's interest rate decision, as analysts closely monitor wage growth to gauge inflation expectations.
- With unemployment rates ranging from 4.3 per cent in Quebec City to 9.2 per cent in Kelowna, RBC economists expect the overall trend of easing unemployment to continue through the year.
33 Articles
33 Articles
Saskatchewan holds steady as Canada sees slight drop in unemployment for June
REGINA — The Saskatchewan job market remained relatively stable in June, mirroring a national trend of slight improvements and steady employment. According to the latest Labour Force Survey, released by Statistics Canada Friday morning, the province added 6,500 jobs last month, bringing the total number of employed individuals to nearly 621,800. Despite the influx of new jobs, the provincial unemployment rate saw little change, hovering at 6.1 p…
Statistics Canada reports that 18,000 jobs were created in the country last month. In Quebec, the unemployment rate was 5.4% in June.
Windsor's jobless rate ticks downward in June
Windsor's unemployment rate fell two-tenths of a percentage point in June, falling to 8 per cent.Statistics Canada released its Labour Force Survey for June on Friday morning.The city's labour force shrank by 1,000 people while the economy shed 400 jobs.The labour participation rate went from 61.9 per cent to 61.6 per cent.Across Canada, the economy added 18,000 net positions, pushing the employment rate up by a tenth of a percentage point to 60…
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