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Canada’s unemployment rate dropped to the record low

On June 10, 2022, Statistics Canada published a new Labour Force Survey. According to the survey, the labour force increased by 39,800 jobs in May, with most of the growth coming from full-time employment. Last month, over 135,000 people found full-time employment. Women employees in all age groups were responsible for the majority of the gains. Employment continued growing in May, despite a number of recent signals suggesting stronger demand and restricted supply. In May, total employment rose by 40,000 (+0.2%), with full-time work seeing particularly strong growth of 135,000 new hires (+0.9%), while part-time employment fell by 96,000 (-2.6%).

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