Canada Job Market Report : Unemployment dropped to 5.4 percent in May for lowest monthly total since 1976.

There was further good news for the Canadian economy in May as the unemployment rate fell by 0.3 percentage points to 5.4 percent. The unemployment rate in May was the lowest since comparable data became available in 1976.

June Jobs Report

 

  • Unemployment across Canada down to 5.4%
  • 453,000 new jobs in past 12 months
  • Employment rate of recent immigrants reaches new high