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Canada May employment change 26.7k vs 22.5k expected

2024-12-30FOREXLIVEFOREXLIVE
Latest data released by Statistics Canada - 7 June 2024
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CAUR
Canada unemployment rate (%)
  • Prior 90.4k
  • Unemployment rate 6.2% vs 6.2% expected
  • Prior 6.1%
  • Participation rate 65.4%
  • Prior 65.4%
  • Full-time employment -35.6k
  • Prior 40.1k
  • Part-time employment 62.4k
  • Prior 50.3k

It's a slight beat but nothing overly significant, with total employment being up by 0.1% (+27k) to 20,518,000 persons on the month. The jobless rate ticked higher as well and is now nearly up 1% compared to the same period last year.

Looking at the details, employment rose the most in healthcare and social assistance (+30k) as well as in finance, insurance, real estate, rental and leasing (+29k). It fell the most in construction (-30k) as well as transportation and warehousing (-21k).

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