How did Canada’s job market do in May? StatCan to release report – National | 24CA News

Statistics Canada will launch its newest snapshot of how the job market is doing within the nation.

The company will launch its labour power survey for May Friday morning.

The labour market has remained resilient this yr, regardless of increased rates of interest.

The unemployment charge held regular at 5.0 per cent in April when the financial system shocked economists and added 41,000 jobs for the month.

The job report this morning comes after the Bank of Canada’s resolution this week to boost its key rate of interest goal by 1 / 4 of a proportion level to 4.75 per cent.

In elevating its key charge, the central financial institution stated the labour market stays tight, reflecting continued robust demand for employees.