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flag Canada's unemployment rate hit 7%, its highest since 2016, with youth unemployment at 14.2%.

flag In May 2025, Canada's unemployment rate rose to 7%, its highest since 2016, excluding pandemic years. flag The economy added 8,800 jobs, but this was offset by a 49,000 drop in part-time roles. flag Full-time employment increased by 57,700. flag The rate for 15- to 24-year-olds reached 14.2%, leading the federal government to add 6,000 spots in the Canada Summer Jobs program. flag The manufacturing and public administration sectors lost significant jobs, while wholesale and retail trade gained. flag The Bank of Canada will monitor the impact of US tariffs on the economy.

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