Canada's unemployment rate rose in June as 60K jobs added
The job report is the last major economic data release before the Bank of Canada announces its interest rate decision on Wednesday.
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The job report is the last major economic data release before the Bank of Canada announces its interest rate decision on Wednesday.
The unemployment rate rose to 5.2 per cent in May, Statistics Canada said, with the Bank of Canada watching closely as it weighs future interest rate decisions.
Employers have kept their hiring appetite in recent months, even as high interest rates make borrowing more expensive for people and businesses.
An uptick in part-time work could be a sign that Canadian employment remains steady but weaker even if the economy contracts this year, one expert says.
The national unemployment rate held steady at 5.0 per cent in March, according to Statistics Canada's Labour Force Survey, with a slight boost in jobs last month.