Canada Unemployment Drops In June, Nearly 1 Mn Jobs Created
July 10, 2020
Nearly one million jobs were created in Canada in June as coronavirus-linked restrictions were loosened, sending the unemployment rate down to 12.3 percent, government data showed Friday.
The economic reboot generated 953,000 jobs last month, nearly double the estimates by analysts, who had expected on average about 550,000 new jobs.
With the 290,000 jobs generated in May, the Canadian labor market has now recovered about 40 percent of the roughly three million jobs lost since the start of the global pandemic.