In June, employment in Canada climbed.
According to Canada’s national statistical institute, there was a 0.3 percent increase in employment, equivalent to 60,000 jobs, in June. This growth was primarily driven by gains in full-time employment. The rise in recruitment was concentrated among young men aged 15 to 24 and men aged 25 to 54.
However, there was little change in recruiting among women across all age groups during the same period. On the other hand, the unemployment rate in June reached 5.4 percent, the highest level in over a year, as more individuals actively sought recruitment. This represents a 0.2 percentage point increase compared to the previous month.
The number of unemployed people in June stood at 1.1 million, marking an increase of 54,000 individuals or 4.9 percent. Average hourly wages experienced a year-over-year increase of 4.2 percent in June, following a rise of 5.1 percent in May, as reported by Statistics Canada.