Canada's labour market adds 27K jobs in May, unemployment ticks up to 6.2%

The increase in jobs was due to more part-time work. Full-time jobs declined 36,000 in May, while part-time employment jumped 62,000.Wage growth – closely watched by the Bank of Canada – picked up in May, increasing 5.1. per cent compared to a 4.7 per cent increase in April.

Investors are looking to the monthly jobs report for signs of labor market cooldown pivotal to the odds for a rate cut.Wall Street shifted between small gains and losses in quiet trading before the bell Friday as markets anticipated the release of key U.S. jobs data.How Nvidia could reach a $10 trillion market cap by 2030

The shortage of people waiting to work presents a future problem for employers in hospitality and other sectors that typically employ many non-permanent residents.The May jobs report comes as the stock market has hit record highs amid a slew of softer-than-expected economic data, increasing investor confidence that the Federal Reserve could cut interest rates as of September.AI has done a lot of impressive stuff to the stock market.

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Canada's labour market adds 27,000 jobs in May, unemployment ticks up to 6.2%Canada’s labour market added a net 26,700 jobs in May while the unemployment rate ticked up to 6.2 per cent, Statistics Canada said on Friday.
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