Canadian economy added 88,000 jobs in May, defying economists' expectations
Posted on: Jun 05, 2026 18:26 IST | Posted by: Cbc
Canada's economic system added 88,000 jobs and the unemployment value drop support to 6.6 per cent in May, information showed on Friday, defying widespread expectations and showing signs of some resilience despite signs of softer economic growth.
It's the first significant employment gain since November 2025, Statistics Canada said.
Analysts polled by Reuters had forecast the unemployment rate to hold at the six-month high level reached in April at 6.9 per cent and had predicted net additions of 10,000 jobs in May.
Canada's economy has weathered an onslaught of U.S. Tariffs and trade uncertainty for more than 12 months, hitting some crucial sectors very hard and leading to job losses. It has also sucked hiring momentum and investments out from the broader economy.
More to come
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