Canadian Employment (May 2025)
Posted by Adam Chahl on
Canadian employment was virtually unchanged from the previous month, gaining 8,800 jobs to reach 20.978 million in May. The employment rate held steady at 60.8%, while the unemployment rate increased by 0.1 points to 7.0%.
Average hourly wages saw a 3.4% year-over-year increase, rising to $36.14 in May. Additionally, the total hours worked rose by 0.9% compared to May of the previous year.
British Columbia Employment
Employment in B.C. rose by 0.4% to 2.963 million, with a gain of 13,000 jobs in May. In Metro Vancouver, employment increased by 0.9% to 1.715 million.
Despite job gains, the unemployment rate in B.C. rose by 0.2 points to 6.4%, while Vancouver's unemployment rate climbed 0.3 points to 6.6%.
Market Implications
May's…
1590 Views, 0 Comments