Canadian jobs market stalls in June as unemployment rate rises to 6.4%

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.

The June result was the highest reading for the unemployment rate since January 2022 when it was 6.5 per cent. It also said that as the unemployment rate has increased, so has the proportion of long-term unemployed with 17.6 per cent of those unemployed in June having been continuously jobless for 27 weeks or more, up four percentage points from a year earlier.

Statistics Canada said the number of people working in transportation and warehousing fell by 11,700, while those in public administration dropped by 8,800.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: SooToday - 🏆 8. / 85 Read more »

Canadian unemployment rate rose to 6.4% in June as jobs market stallsThe 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.
Source: BNNBloomberg - 🏆 83. / 50 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.
Source: PGCitizen - 🏆 65. / 51 Read more »