The rise in May marked the first time the unemployment rate increased in Canada since August 2022
Statistics Canada says the unemployment rate rose to 5.2 per cent in May, marking the first increase since August 2022.
The federal agency says overall employment was little changed last month as the economy lost a modest 17,000 jobs. The job report comes two days after the Bank of Canada raised its key interest rate by a quarter of a percentage point, citing concerns about a string of hot economic data, including low unemployment.Last month, there were fewer people working in business, building and other support services as well as professional, scientific and technical services, while employment rose in manufacturing, utilities and services such as maintenance.
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