Statistics Canada reported that Canada's unemployment rate increased to 7.0% in May, a slight rise from 6.9% in April. This rate matches a pre-pandemic high.
Canada's unemployment rate ticks up to 7% in May
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TL;DR: Key points with love ❤️Statistics Canada reported that Canada's unemployment rate increased to 7.0% in May, a slight rise from 6.9% in April. This rate matches a pre-pandemic high.
Trending- 1 April: Unemployment rate was 6.9%.
- 2 May: Unemployment rate rose to 7.0%.
- Increased unemployment rate, matching a pre-pandemic high.
What: Canada's unemployment rate rose to 7.0% in May.
When: May (reporting month), April (previous month).
Where: Canada.
Why: Not explicitly stated in this short article, but implies a slight weakening in the labor market.
How: Statistics Canada released the Labour Force Survey data.