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June Jobs Report Shows 18,000 New Positions and 6.5% Unemployment Rate
Photo: CTV News
2026-07-10 16:20   Business   10

June Jobs Report Shows 18,000 New Positions and 6.5% Unemployment Rate

Statistics Canada will release June employment data showing a decline in the unemployment rate to 6.5%, with employers adding 18,000 jobs.The report, published on July 10, 2026, indicates a modest improvement in the labor market after a surprise gain in May.The unemployment rate fell from 6.7% in May to 6.5% in June, reflecting a slight but positive trend.The job creation of 18,000 positions suggests a gradual recovery in the Canadian economy.However, the report also highlights persistent challenges, with the unemployment rate remaining higher than pre-pandemic levels.Analysts note that the data provides a mixed picture, showing some resilience in the labor market while acknowledging ongoing structural issues.The report comes amid broader economic discussions about inflation, wage growth, and the impact of global market conditions on Canadian employment.While the numbers are encouraging, experts caution that sustained growth will require continued policy support and economic stability.The findings will be closely watched by policymakers and investors as they assess the health of the Canadian labor market.

Full reading at CTV News

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