Canada's jobs market 'treading water' as unemployment rate rises to 7% in May

shockedcanadian

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Canadians are starting to understand the consequences of a caste system. Destroying young ambitious men so that the police apparatus can justify their existence and inflate their budgets, powers and importance.

America embraces the ambitious and driven, innovating and winning on the global stage.

Trust me, our unemployment rate is NOT as low as 7%. They have just altered the criteria and definition. Just the number deemed "unemployable" (thanks Creepy Ones) is double this rate



OTTAWA — Job growth has been virtually non-existent in the country since the start of the year, Statistics Canada said Friday.

Canada’s jobless rate rose a tenth of a point to seven per cent in May amid a gain of 8,800 jobs in the month, the agency said in its latest labour force survey.

That’s up from 6.6 per cent at the start of the year and marks the highest unemployment rate since 2016 outside the pandemic years, StatCan said.

TD senior economist Leslie Preston said in a note to clients that the Canadian labour market was "basically treading water" in May.

A gain of 58,000 full-time positions was offset by a loss of 49,000 part-time roles in May.

The wholesale and retail trade sector, which faced losses in April and March, rebounded to lead growth with 43,000 jobs added last month. Information, culture and recreation also saw gains in May.
 
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