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National Post
National Post
5 Jul 2024


NextImg:Canadian unemployment rate rose to 6.4% in June as jobs market stalls

OTTAWA — The Canadian economy lost 1,400 jobs in June as the unemployment rate climbed to its highest level in more than two years, Statistics Canada said Friday.

In its monthly labour force survey report, the agency said the unemployment rate came in at 6.4 per cent for the month, up from 6.2 per cent in May, as the size of the labour force grew.

The June result was the highest reading for the unemployment rate since January 2022 when it was 6.5 per cent.