Unemployment rate fell again in Canada in June


The unemployment rate fell again in Canada in June

Canada's unemployment rate hit a new record low of 4.9% last month

Canada's unemployment rate fell 0.2 percentage points in June to a new record low of 4.9%, as fewer people searched for work.

The rate fell 0.2% from May, when employment rose by 40,000 in Canada.

The decline in employment was almost entirely due to fewer workers aged 55 and older, according to Statistics Canada.

The decline in the services sector, particularly in retail trade, was offset by the increase in the goods sector.

Self-employment declined, while the number of employees remained stable in both the public and private sectors.

Across the country, employment fell in Newfoundland and Labrador and Quebec, while it rose in PEI Prince Edward Island and Manitoba.

In Quebec, employment fell by 27,000 in June, a 0.6% drop, the second decline in three months, according to Statistics Canada.

Despite the decline in the number of people employed, the unemployment rate was little changed at 4.3%.

The largest declines occurred in the natural resources sector as well as in information, culture and recreation.

Notable increases were however recorded in professional, scientific and technical services as well as in manufacturing.

Same story in Newfoundland and Labrador, where employment fell by 4,300, a drop of 1.9%. This tumble partly offset the increases recorded in April and May. On the other hand, the unemployment rate changed little, standing at 9.9%.

In Prince Edward Island, the unemployment rate fell from May to June, from 7.8% to 4.9%.

Employment also increased in Manitoba. The unemployment rate fell 0.9 percentage points to 3.8%, comparable to the record low recorded in June 2006 of 3.7%.

In Ontario, employment was little changed for a third straight month, while the unemployment rate fell 0.4 percentage points to 5.1 %.

In addition, Statistics Canada noted that the average hourly wage rose 5.2% year-over-year in June, up from the increase in 3.9% observed in May.


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