Canada jobless rate rises to 5.5% in June
Employment decreased 2,200, after creating 27,700 in May and missing market consensus of a 10,000 gain, as part-time employment dropped (-26,200) while full time advanced (+24,100).
Employment increased in Alberta (+10,000) and Saskatchewan (+2,500), while it decreased in Manitoba (-5,200) and Newfoundland and Labrador (-2,000). In Quebec and other provinces employment was almost unchanged.
There were more people employed in health care and social assistance (+22,000); educational services (+13,000); transportation and warehousing (+13,000); and information, culture and recreation (+13,000).
In contrast, there were fewer people working in wholesale and retail trade (-16,000); "other services" (-15,000); manufacturing (-15,000); and natural resources (-7,800).
There was little change in the number of employees in both the private and public sectors in June. The number of employees increased in June, while the number of self-employed declined.
In June, more 22,000 people aged 55 and over were working, driven by increases among men. At the same time, less 18,000 in the core-working age of 25 to 54 were employed.
There was little change among both core-aged women and youth aged 15 to 24. Youth unemployment rate increased 0.7 percentage points to 10.7% as more of them searched for work.
The labour force participation rate came in at 65.7 percent in June, unchanged from the prior month.
In the second quarter, employment rose by 132,000 (+0.7%), virtually all in full-time work. ■