Canada unexpectedly gained 289,600 jobs in May even as the jobless rate hit a record high at 13.7%, data.

  • Analysts in a Reuters poll had predicted a loss of 500,000 jobs and an unemployment rate of 15.0%.
  • The May data did not capture the 1.4 million people who temporarily lost their jobs due to COVID-19 closures, but are not currently looking for employment. With those counted, the May unemployment rate would have been 19.6% rather than 13.7%.
  • Employment in the goods producing sector gained 164,700 jobs, led by manufacturing and construction.