Canada’s unemployment rate fell to 6.6 per cent in May and the economy added 88,000 jobs, the first significant employment gain since November 2025.
The data, published by Statistics Canada on Friday, showed the increase was driven by an addition of 154,000 full-time positions. Part-time work declined, recording a loss of 66,000 positions.
The increase followed a net decline of 112,000 jobs over the first four months of the year, including a loss of 18,000 jobs in April that nudged the unemployment rate up to 6.9 per cent.
Despite the gains, the unemployment rate remains elevated — above pre-pandemic averages of six per cent but below the 7.1 per cent peak hit in August and September 2025.
More to come …
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Canada's unemployment rate drops to 6.6% as economy gains 88,000 jobs
2026-06-05 12:42:23
