The Canadian economy was virtually unchanged in June, shedding 1,400 jobs, while unemployment rose 0.2 percentage points to 6.4 per cent, Statistics Canada said on Friday.
Employment fell for young men between the ages of 15 and 24, with 13,000 jobs lost, while increasing for women aged 25 to 54 by 19,000 jobs.
Fewer people worked in transportation and housing and public administration . Meanwhile, 17,000 jobs were added to the food services and accommodation sector, and 12,000 were added to agriculture. Average hourly wages rose 5.4 per cent in June compared to the same time last year, and were up from 5.1 per cent in May.
Jenna Benchetrit is a senior writer with the business content unit at CBC News. She has also covered entertainment and education stories. A Montrealer based in Toronto, Jenna holds a master's degree in journalism from Toronto Metropolitan University. You can reach her at [email protected] weekly look at what’s happening in the worlds of economics, business and finance. Senior business correspondent Peter Armstrong untangles what it means for you, in your inbox Monday mornings.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Canadian border strike pushed back at least until June 12: unionMediation continues between the Public Service Alliance of Canada and federal government
Read more »
Canadian unemployment rate rose to 6.4% in June as jobs market stallsOTTAWA — The Canadian economy lost 1,400 jobs in June as the unemployment rate climbed to its highest level in more than two years, Statistics Canada said Friday.
Read more »
Canadian unemployment rate rose to 6.4% in June as jobs market stallsOTTAWA — The Canadian economy lost 1,400 jobs in June as the unemployment rate climbed to its highest level in more than two years, Statistics Canada said Friday.
Read more »
Canadian unemployment rate rose to 6.4% in June as jobs market stallsOTTAWA — The Canadian economy lost 1,400 jobs in June as the unemployment rate climbed to its highest level in more than two years, Statistics Canada said Friday.
Read more »
Canadian jobs market stalls in June as unemployment rate rises to 6.4%The June result was the highest reading for the unemployment rate since January 2022 when it was 6.5%
Read more »
Canadian unemployment rate rose to 6.4% in June as jobs market stallsOTTAWA — The Canadian economy lost 1,400 jobs in June as the unemployment rate climbed to its highest level in more than two years, Statistics Canada said...
Read more »