Saturday, 8 June 2024

Canada’s Unemployment Rate Continued to Rise in May, as Job Gains Lag Population Growth 

by BD Banks

Canada’s Unemployment Rate Continued to Rise in May, as Job Gains Lag Population Growth 

The Canadian labour market geared down from its April hiring surge, adding a modest 27k new positions in May. The gain was entirely in part-time jobs (+62k), while full-time employment declined (-36k). The unemployment rate continued its upward trend in May. The unemployment rate rose one tenth from April to 6.2% in May, as 54.5k […]

The post Canada’s Unemployment Rate Continued to Rise in May, as Job Gains Lag Population Growth  appeared first on Action Forex.

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