Updated
Updated · continuumeconomics.com · Jul 9
Canada June Jobs Seen Shifting 25,000 From Full-Time to Part-Time as Unemployment Dips to 6.5%
Updated
Updated · continuumeconomics.com · Jul 9

Canada June Jobs Seen Shifting 25,000 From Full-Time to Part-Time as Unemployment Dips to 6.5%

1 articles · Updated · continuumeconomics.com · Jul 9

Summary

  • 25,000 full-time jobs are forecast to disappear in June while 50,000 part-time positions are added, pointing to another month of uneven Canadian hiring rather than broad labor-market strength.
  • 6.5% unemployment is expected, down from 6.6%, because a projected 15,000 increase in the labor force would still trail overall employment growth.
  • 30,000 private-sector jobs are seen leading the gain, while the public sector is expected to give back 5,000 after a May jump that looked difficult to sustain.
  • World Cup activity in Toronto and Vancouver is expected to help support June hiring, after May already showed outsized gains in Ontario and British Columbia and in sectors such as recreation and food services.
  • 3.6% annual wage growth for permanent employees is forecast, rebounding from 3.2% in May but staying well below April's 4.8%, underscoring still-moderate pay pressure.

Insights

Beyond the World Cup's hiring boom, is Canada's economy strong enough to avoid a post-event slump?
With full-time roles declining, are temporary part-time jobs becoming the new reality for Canadian workers?