shockedcanadian
Diamond Member
- Aug 6, 2012
- 45,154
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Just like that, we're back baby! Paul Newman at the end of Color of Money back (great movie, go watch it).
Canada's economy added 88,000 jobs and the unemployment rate fell back to 6.6 per cent in May, data showed on Friday, defying widespread expectations and showing signs of some resilience despite softer economic growth.
Canada had lost 112,000 net jobs in the first four months of 2026, but May's big addition helped erase almost 80 per cent of the job losses posted since the year began.
It's the first significant employment gain since November, according to Statistics Canada.
Analysts polled by Reuters had forecast the unemployment rate to hold at the six-month-high level reached in April at 6.9 per cent and had predicted net additions of 10,000 jobs in May.
P.S Did a little digging, many of these jobs are quite possibly temporary, tax payer funded Summer jobs for students due to their immense improvement in their numbers.
Some also suggest these are returns of construction workers after months of being laid off returning for Summer work
Canada's economy added 88,000 jobs and the unemployment rate fell back to 6.6 per cent in May, data showed on Friday, defying widespread expectations and showing signs of some resilience despite softer economic growth.
Canada had lost 112,000 net jobs in the first four months of 2026, but May's big addition helped erase almost 80 per cent of the job losses posted since the year began.
It's the first significant employment gain since November, according to Statistics Canada.
Analysts polled by Reuters had forecast the unemployment rate to hold at the six-month-high level reached in April at 6.9 per cent and had predicted net additions of 10,000 jobs in May.
P.S Did a little digging, many of these jobs are quite possibly temporary, tax payer funded Summer jobs for students due to their immense improvement in their numbers.
Some also suggest these are returns of construction workers after months of being laid off returning for Summer work
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