#unemployment-rate

#unemployment-rate

Tech employers added over 90,000 jobs in June, lowering the unemployment rate to 2.8%, which is significantly below the national average of 4.1%. This represents a robust demand in various tech disciplines beyond just AI.

The jobs market is like the energizer bunny. Every single time we expect it to run out of steam, it just keeps going and going, with 147,000 jobs added in June.

Most economists anticipate the brunt of the impact from punishing levies will be seen in coming months.

Statistics Canada reported a job loss of 33,000 in March, marking the largest monthly decline since January 2022, with the unemployment rate rising to 6.7%.