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Canada’s unemployment rate rose to 6.4 per cent in June from 6.2 per cent a month earlier, persevering with an upward pattern that started in April of 2023, Statistics Canada stated on Friday.
Long-term unemployment in June was additionally elevated, with 17.6 per cent of presently unemployed employees out of labor for 27 weeks or extra. This suggests job seekers are having extra issue discovering jobs in a difficult labour market.
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Among youth, the unemployment rate has reached 13.5 per cent, the best since September of 2014, apart from the pandemic years of 2020-2021. Returning college students are additionally having hassle discovering summer season work, with unemployment amongst this group at 15.9 per cent.
Among provinces, Ontario’s unemployment elevated to seven per cent in June. Alberta’s unemployment ticked down barely to 7.1 per cent. Provinces and territories with the best unemployment charges embrace Newfoundland and Labrador, Nunavut, Prince Edward Island and New Brunswick.
The month of June noticed wage development proceed to enhance, with common hourly wages up 5.4 per cent year-over-year, an acceleration from 5.1 per cent development in May.
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Overall employment remained unchanged for the month of June, in contrast to the earlier month. Industries that noticed declines in employment embrace transportation, warehousing, tradition and recreation, public administration, development {and professional} and technical companies.
Industries that noticed will increase in employment embrace lodging, meals companies and agriculture.
• Email: jgowling@postmedia.com
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