Canada’s employment was nearly unchanged in May (+8.8k; +0.0%) while the unemployment rate rose 0.1 ppts to 7.0%, the highest since 2016 (excluding pandemic years).

• Full-time employment rose 58k (+0.3% MoM), while part-time employment fell -49k (-1.3% MoM).
• Private sector jobs rose 61k (+0.4%), but public sector (-21k) and self-employment (-30k) declined.
• Unemployment rose 13.8% YoY to 1.6 million; average duration of unemployment increased to 21.8 weeks.
• Core-aged women’s employment rose +42k (+0.6%) while core-aged men’s fell -31k (-0.4%); their unemployment rates were 5.7% and 6.2%, respectively.
• Employment rose in wholesale/retail (+43k), information/culture (+19k), and finance/real estate (+12k), but fell in public admin (-32k) and accommodation/transport (-16k each).