Canada Adds 18,200 Jobs in June as Unemployment Rate Dips to 6.5%

Canada's labour market cooled in June, adding 18,200 jobs while the unemployment rate eased to 6.5%, Statistics Canada reported July 10. The increase was well below May's 88,000 gain and was led by services and part-time positions.

• Youth employment (ages 15-24) rose by 33,000, pushing the youth unemployment rate down 0.7 percentage points to 12.7%. - Accommodation and food services added 15,000 jobs. - Manufacturing shed 17,000 positions, while agriculture lost 7,600 and utilities lost 7,300.

What it means

The slower pace of hiring alongside a lower jobless rate points to an uneven labour market, with gains concentrated in services and youth employment offsetting losses in manufacturing and other goods-producing sectors. This is general economic reporting, not financial advice.

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