Canada employment grows 26.7, unemployment rate up to 6.2%

Canada’s employment grew 26.7k in May slightly above expectation of 24.8k. Part-time employment rose 62k while full-time jobs fell -36k.

Unemployment rate ticked up from 6.1% to 6.2%, matched expectations. Average hourly wages increased 5.1% yoy, up from April’s 4.7% yoy.

Full Canada employment release here.