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Canada: Unemployment rate in May was 5.8% for the fourth consecutive month

“Employment was little changed in May, and the unemployment rate was 5.8% for the fourth consecutive month,” Statistics Canada announced on Friday. Below are some key takeaways from the official press releases.

  • On a year-over-year basis, employment grew by 238,000 or 1.3%, due to gains in full-time work. Over the same period, total hours worked were up 2.0%.
  • In May, employment decreased for people in the core working ages of 25 to 54. It increased for people aged 55 and older, and was little changed among youth aged 15 to 24.
  • There were employment increases in four industries in May: accommodation and food services; professional, scientific and technical services; transportation and warehousing; and finance, insurance, real estate, rental and leasing.
  • There was little change in the number of employees in both the private and public sectors, as well as the number of self-employed workers.

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