In May, the Canadian economy added 27,000 jobs, falling slightly short of the expected 30,000, with an increase in part-time employment and a decrease in full-time jobs.

The unemployment rate rose to 6.2 per cent from 6.1 per cent in April. Statistics Canada reported that more people were working part-time involuntarily, indicating poor economic conditions or underemployment. The youth unemployment rate remained high at 55.6 per cent, with employment increasing for young women but declining for young men.

Average hourly wages increased by 5.1 per cent year-over-year in May, and the Bank of Canada is closely monitoring wage growth for signs of inflation. RBC assistant chief economist Nathan Janzen suggested that the central bank may cut interest rates further to avoid inflation. Employment increased in Ontario, Manitoba, and Saskatchewan, while Alberta, Newfoundland, and Prince Edward Island saw declines.

Various sectors added jobs, while employment declined in construction, transportation, warehousing, and utilities.

Source: https://www.cbc.ca/news/business/jobs-may-stats-can-1.7227799