Unexpected job market pullback signals rate hikes may start to bite in Canada

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The unemployment rate rose for the first time in nine months to 5.2% in May From m_zadikian

Labour market strength has been a sticking point in the Bank of Canada's fight to get inflation back down to two per cent. REUTERS/Mark Blinch

Total hours worked fell 0.4 per cent month-over-month, which could have negative implications for GDP. In the first quarter alone, 231,000 jobs were added, making it the best non-pandemic quarter on record, according to BMO Capital Markets.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines