July 2023 Canada Talent Market Monthly

    July 7, 2023

    Canada’s unemployment rate rose to 5.4% as economy added 60K jobs

    The Canadian labour market added 60K jobs (+0.3%) in June. This was the largest increase since January 2023 and driven by gains in full-time work (+110K; +0.7%). Part-time work fell (-50K; -1.4%).

    The unemployment rate rose to 5.4%, as more people searched for work. This increase brought the rate to its highest level since February 2022. Despite the increases in May and June, the rate remained below its pre-COVID average of 5.7%.

    Check out the latest edition of the Canada Talent Market Monthly for details.

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