Canada’s economy added a net of 18,200 jobs in June, slightly beating estimates and continuing the momentum seen in the prior month despite lingering trade uncertainty. The unemployment rate edged down to 6.5%, from 6.6% in May.
Job Market Stabilizing
The job market has shown signs of stabilizing in the last two months, after stuttering from the start of the year till April. The average monthly job gains so far this year continue to be flat, in contrast to around 18,000 in 2025 and roughly 35,000 in 2024.
Part-time employment increased by a net of 17,500 jobs in June, while full-time employment jobs gains were largely unchanged. The unemployment rate among the youth, or those aged 15-24 years, fell to 12.7% from 13.4%.
The biggest sectors that shed jobs were manufacturing and construction – which together lost a total of close to 30,000 jobs. Average hourly wages of permanent employees grew 3.7% in June, a rise from 3.2% in May.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
