Canada added another 60,000 jobs to its economy in June despite the country’s unemployment rate ticking upward to its highest percentage in over a year, says Statistics Canada.
StatCan wrote in its “Labour Force Survey” for June that the increase in jobs, which it says was driven mostly by gains in full-time work, brought Canada’s employment rate up by 0.3 percent.
Nationwide job gains were concentrated in wholesale and retail trade, health care and social assistance, manufacturing, and transportation and warehousing, said StatCan.
The country’s unemployment rate rose to 5.4 percent—an increase of 0.2 percentage points—during the same month, which the federal agency says is the highest unemployment level Canada has seen in over a year….