Unemployment Fell to 6.6 Percent in May as 88,000 Jobs Added: StatCan
Canada’s economy added 88,000 jobs in May, pushing the unemployment rate down to 6.6 percent and partially counteracting the decline in employment so far this year, according to federal data. The job growth last month allowed Canada to recover nearly 80 percent of the net 112,000 jobs lost during the first four months of 2026, […]
TL;DR
- Canada added 88,000 jobs in May.
- The unemployment rate decreased to 6.6 percent from 6.9 percent.
- This job growth recovered almost 80% of the 112,000 jobs lost earlier in the year.
- Full-time employment saw a net addition of 154,000 jobs.
- Part-time employment decreased by 66,200 jobs.
- The job gains significantly surpassed economists' predictions.