Canada unemployment drops in June, nearly 1M jobs created

OTTAWA (AFP) – Nearly one million jobs were created in Canada in June as coronavirus-linked restrictions were loosened, sending the unemployment rate down to 12.3 per cent, government data showed on Friday.

The economic reboot generated 953,000 jobs last month, nearly double the estimates by analysts, who had expected on average about 550,000 new jobs.

With the 290,000 jobs generated in May, the Canadian labour market has now recovered about 40 per cent of the roughly three million jobs lost since the start of the global pandemic.

The unemployment rate thus dropped 1.4 percentage points in June, from a record 13.7 per cent seen in May – the highest rate since 1976, when such data was first made public.