Canada’s Labour Market Stages a Sharp Reversal With 88,000 Jobs Added in May

Canada’s labour market staged its sharpest reversal in six months in May, adding 88,000 jobs when economists had pencilled in roughly 10,000. The unemployment rate fell 0.3 percentage points to 6.6%, its lowest reading since April. The report lands two days before the Bank of Canada’s rate decision on June 10. The gain was the […] The post Canada’s Labour Market Stages a Sharp Reversal With 88,000 Jobs Added in May appeared first on the deep dive.