Canadian employment was largely unchanged from the previous month, contracting by just 1,400 jobs, to 20.516 million in June. The unemployment rate rose by 0.2 points to 6.4 per cent, the fifth consecutive monthly increase, and up 1 point from this time last year. Average hourly wages rose 5.4 per cent year-over-year to $34.91 last month, while total hours worked were up 1.1 per cent from June of last year.

Employment in BC fell 0.3 per cent to 2.854 million, while employment in Metro Vancouver fell 1.2 per cent to 1.591 million in June. The unemployment rate fell 0.4 points in BC to 5.2 per cent while falling in Metro Vancouver by 0.7 points to 5.4 per cent last month. 

Link: https://mailchi.mp/bcrea/canadian-employment-june-2024-july-5th-2024

For more information, please contact: Gino Pezzani.