Canada lays off 43,000 jobs in June, employment declines for the first time since January – National | Globalnews.ca

Canada’s economy 43,000 jobs were lost in June, the first drop in employment since January.

At the same time, the unemployment rate fell to another record low of 4.9 percent in June, according to Statistics Canada’s monthly labor force survey.

The agency says the decline in unemployment is attributed to fewer people looking for work, while the job loss was driven by a 59,000-job drop in the self-employed.

Full-time and part-time employment were relatively unchanged since May.

Wages also grew at a faster rate, with the average hourly wage rising 5.2 percent to $31.24 per year.

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The unemployment rate in May stood at 5.1 percent, the lowest rate since at least 1976, far behind comparable figures.

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