Canada’s unemployment rate increases to 6.2 percent in May

OTTAWA (Xinhua), June 7 – Statistics Canada reported Friday that the unemployment rate in Canada increased 0.1 points to 6.2 per cent for May.

National statistical agency reported that the unemployment rate has been trending up since April 2023. It increased 1.1 percentage points during this period.

The agency states that people are having a harder time finding work on the current market. In May, there were 1.4 millions unemployed people, which is an increase of 28,000. This represents a 2.1 percent rise from the previous month. Just under a quarter of those who were unemployed during April had found employment in May, which is lower than the average pre-pandemic for the same month in 2017, 2018, and 2019.

The agency reported that long-term unemployment (the proportion of people who have been unemployed continuously for at least 27 weeks) was 18.2 percent as of May. This is up from the recent low of 13,2 percent set in August 2023.

Statist Canada reported that employment levels were little changed from May to June, and the unemployment rate dropped 0.1 percentage points, or 0.61.3 percent.

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