Canada Jobless Rate Edges Up To 6.6%


The unemployment rate in Canada increased to 6.6 percent in May of 2017 from 6.5 percent in the previous month, which was the lowest since October of 2008. Figures came in line with market expectations. The higher unemployment rate results of more people participating in the labour market. The labour force increased by 78.4 thousand while the economy added 54.5 thousand new jobs. As a result, the number of unemployed increased by 23.9 thousand.

There were 1.288 million unemployed persons and those employed totaled 18.365 million. 77,000 new full-time jobs were created while 22,300 part-time jobs were lost. 

Employment increased among youth aged 15 to 24 and men aged 25 to 54. At the same time, employment held steady for women aged 25 to 54 and people 55 years of age and older.

Employment rose in Ontario, British Columbia, Manitoba and Prince Edward Island. There was little change in the other provinces.

In May, employment increased in several industries, led by professional, scientific and technical services as well as manufacturing. There were smaller increases in transportation and warehousing; wholesale and retail trade; as well as health care and social assistance. In contrast, fewer people worked in finance, insurance, real estate, rental and leasing; information, culture and recreation; and public administration.

The number of private sector employees increased in May, while public sector employment and self-employment were little changed.

Statistics Canada | Joana Taborda | joana.taborda@tradingeconomics.com
6/9/2017 1:03:03 PM