25-May-2026
Economy News
 
Canada's Unemployment Rate Rises to Six-Month High as Full-Time Jobs Drop
09-May-2026

Canada's unemployment rate rose to a six-month high in April to 6.9% as the economy lost a net 17,700 jobs, Statistics Canada data showed on Friday, indicating continued weakness in a labor market that has struggled in the face of U.S. tariffs and trade uncertainty. Analysts polled by Reuters had predicted a net gain of 15,000 jobs and an unemployment rate of 6.7%, almost mirroring the data from March, when employment rose by 14,100 and the jobless rate was unchanged.

News Source:- https://money.usnews.com/investing/news/articles/2026-05-08/canadas-unemployment-rate-rises-to-six-month-high-as-full-time-jobs-drop