The Canadian labor market came back roaring in June, adding an impressive 60,000 net new jobs. Employment gains were driven by a 110,000 increase in full-time jobs, while part-time positions suffered. Wholesale and retail trade, health care, manufacturing, and transportation and warehousing all experienced strong gains. The unemployment rate ticked up slightly to 5.4%, driven by an increase in job seekers last month.
After months of seemingly slow growth, employment increases were at their highest point since January – the Canadian economy won’t slow down that easily.
For the core-aged workers, job gains were