Canadian unemployment rate rises to 7% in May as economy adds 8,800 jobs / Globe and Mail / Canada
Friday, June 6, 2025, 8:20 am
Statistics Canada’s May figures reveal an unexpected rise in the unemployment rate to 7%, despite the addition of 8,800 jobs. The data, marking the highest jobless rate outside pandemic times since 2016, leaves economists raising eyebrows at the paradox of job gains paired with growing unemployment.
Here's what economists think the recent unemployment numbers mean for the Bank of Canada and future rate cuts
Canada's job market held relatively steady in May, according to Statistics Canada, as the unemployment rate ticked up slightly to 7.0 per cent.
Cela fait trois mois consécutifs qu’il augmente à l’échelle du pays.
Student jobless rate spikes to over 20%
Marks the highest jobless rate since 2016 outside the pandemic years, Statscan says
Canada's unemployment rate rose to seven per cent in May, the highest it's been in nine years outside of the pandemic, Statistics Canada said on Friday.
Will add to pressure tariffs already applying to hiring and jobs market
OTTAWA — Statistics Canada is set to reveal employment numbers for May today. A poll of economists provided by LSEG Data & Analytics heading into today’s release calls for a loss of 12,500 jobs last month and for the unemployment rate to rise a tenth of a percentage point to seven per cent. RBC…
permalink / 8 stories from sources in 15 hours ago #economy #finance #labour #employment
More Top Stories...
Carney’s Bill Fast-Tracks National Projects Amid Criticism
The government has introduced fast‐track legislation designed to expedite approvals for projects deemed in the national interest, a move that has met with fierce criticism from climate advocates and First Nations leaders. Critics argue that the rapid process bypasses essential democratic checks while officials defend its economic urgency. More...
US Ambassador Affirms Canada-US Economic Alignment Amid Tariffs
In a clear display of diplomatic resolve, the U.S. ambassador affirmed that Canada and the United States share aligned economic goals despite ongoing tariffs on imports. The remarks underscore a cautious optimism that room remains for negotiation, aiming to ease trade tensions and foster a cooperative approach between the two neighboring nations. More...
ArriveCan Contractor Faces Seven-Year Ban on Government Deals
In a dramatic twist for government digital partnerships, Ottawa has banned the largest ArriveCan app contractor from winning future contracts for seven years. The decision highlights a strict response to accountability failures amid ongoing scrutiny of the app’s troubled rollout. More...
Manitoba Premier Announces New Interprovincial Trade Deal and Energy Corridor
Manitoba Premier Wab Kinew has unveiled a new interprovincial trade agreement aimed at dismantling barriers with British Columbia while promoting a northern energy corridor initiative. The proposal is intended to boost regional trade and stimulate economic growth through streamlined commerce and strategic infrastructure improvements. More...
Quebec Premier Focuses on Economy as Legislature Wraps Up
Quebec Premier François Legault has made no bones about putting the economy first as the legislative session concludes amid trailing poll numbers. Emphasizing the launch of new projects to counter external economic threats, Legault’s stance signals a determined, if politically pressured, drive toward economic revitalization. More...
Related Tags
Economy
US Ambassador Affirms Canada-US Economic Alignment Amid Tariffs (9 hours ago)
Quebec Premier Focuses on Economy as Legislature Wraps Up (9 hours ago)
Poll reveals waning Canadian confidence in US trade ties (18 hours ago)
Finance
Musk-Trump Feud Unravels, Sending Tesla Shares into Freefall (16 hours ago)
Bank of Canada to announce interest rate decision amid trade tensions (2 days ago)
Hudson’s Bay heads to court over Canadian Tire deal (3 days ago)
Labour
SEPAQ Faces Extended Strike as Workers Demand Action (9 hours ago)
Montreal Braces for Major Transit Strike Disruptions (9 hours ago)
Canada Post Dispute Escalates with Labour Complaint and Deal Urgency (35 hours ago)
Employment
B.C. Launches U.S. Recruitment Ads to Attract Health Professionals (7 hours ago)
SEPAQ Faces Extended Strike as Workers Demand Action (9 hours ago)
Ontario fast-tracks permits for U.S. healthcare professionals (33 hours ago)