Canada lost 17,000 jobs in May, pushing the unemployment rate up to 5.2 per cent, according to a Statistics Canada report released Friday morning.
The decline is primarily driven by a 77,000 loss in jobs among youth aged 15 to 24. Meanwhile, employment increased by 63,000 among people aged 25 to 54.
Statistics Canada says the overall unemployment rate was “virtually unchanged,” with only a 0.1 per cent decrease in May. This is the first time since August 2022 that Canada has lost jobs. 326,000 jobs were gained between September 2022 to January 2023.
Average wages rose to $33.25 — a 5.1 per cent year-over-year increase. This marks the fourth month in a
