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10.07.2020 20:42

Canada adds 952,900 new jobs in June; unemployment rate decreases to 12.3 percent

Statistics Canada reported on Friday that the number of employed people climbed by 952,900 m-o-m in June (or +5.8 percent m-o-m) after an unrevised gain of 289,600 m-o-m in the previous month. Economists had forecast an increase of 700,000 m-o-m.

Meanwhile, Canada's unemployment fell to 12.3 percent in June from a record high of 13.7 percent in May, above than economists’ forecast for 12.0 percent.

According to the report, full-time employment rose by 488,100 (or +3.5 percent m-o-m) in June, while part-time jobs jumped by 464,800 (or +17.9 percent m-o-m).

In June, the number of public sector employees rose by 74,500 (or +2.0 percent m-o-m), while the number of private sector employees surged by 867,300 (or +8.7 percent m-o-m). At the same time, the number of self-employed increased by 11,100 (or +0.4 percent m-o-m) last month.

Sector-wise, employment increased both in goods-producing (+4.6 percent m-o-m) and service-producing (+6.1 percent m-o-m) businesses.


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