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🇨🇦 Canada May Employment Declines By 68K

  • Canada May net employment change showed a decline of 68K, this was led by part-time jobs (-54.2K)

  • The unemployment rate ticked higher to 8.2% from 8.1%

  • This was the second consecutive month of job losses

  • StatCan: Following the April reference week, tighter public health restrictions continued or were introduced in several provinces. In Ontario, a stay-at-home order implemented on April 8 continued, affecting many non-essential businesses.

  • In May, total employment in the goods-producing sector decreased for the first time since April 2020.

  • The number of people working in manufacturing fell by 36,000 (-2.0%), the first decline in the industry since April 2020.



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