Canada job crisis: Canada's unemployment rate hits 9-year high as inflation rises, factory losses, and youth struggle in the toughest market since 2016
Canada
is already facing problems with a slowing economy and rising
inflation
, and the job market is now flashing new warning signs. According to
Statistics Canada
, the unemployment rate has reached 7 percent in May, marking the highest level since September 2016(excluding the Covid 19 years of 2020-2021).
But despite the rising unemployment rates, the broader picture isn't all bleak. Full-time jobs rose by 58,000, largely resulting in the loss of about 49,000 part-time roles. The manufacturing sector lost another 12,000 jobs after April's losses.
But the wholesale, retail and information, and culture sector led the gains.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
He Was A Huge Star Before His Plastic Surgery. Guess Who?
Cleverst
Undo
What does this mean for real Canadians?
Sarah Thompson is a 52‑year‑old part‑time retail worker in Saint John, New Brunswick. With her hours cut last month, she's now working fewer than 20 hours weekly. 'It's tough to budget when your shifts disappear,' she says.
Live Events
In May, there were 1.6 million unemployed Canadians, a nearly 14 percent surge from last year.
The young population faces the brunt
Young people entering the workforce faced added hurdles as
youth unemployment
even rose to more than 20 percent in some surveys. Michael Chen, 22, said, 'I've applied to dozens of summer jobs, but I haven't heard back.' Meanwhile, the average job-seeker spent nearly 22 weeks looking for work, up from 18.4 weeks a year ago
Economists offer a mixed verdict
BMO's chief economist, Douglas Porter, called the rise in full‑time jobs 'a silver lining,' but cautioned the climbing jobless rate could still spell more monetary easing from the
Bank of Canada
.
Scotiabank's Derek Holt pointed to resilience in the labour market, outside public‑sector roles
Canada's Q1 GDP grew 0.5 percent, driven by export activity, a likely response to new US tariffs. But April's merchandise exports plunged 10.8 percent, leading to record deficits. Those tariffs have taken a toll on manufacturers and trade‑reliant communities.
The Bank of Canada, which held interest rates steady at 2.75 percent in early June, is watching closely. With sticky wage growth, average hourly earnings are up about 3.5–3.4 percent year‑over‑year. Officials face a delicate balance: support a softening labour market without reigniting inflation.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
an hour ago
- Time of India
NASA Layoffs: Is Trump's budget cut approved by Congress? NASA asks employees to opt for early retirement, deferred resignation, or voluntary separation. Here's last date and terms of departure
NASA has introduced a range of new programs aimed at reducing its workforce. These changes follow proposed budget cuts by the Trump administration for the 2026 fiscal year. The programs are voluntary and give employees multiple options for leaving the agency. New Programs for Staff Exit NASA sent memos to employees on June 9, announcing early retirement, deferred resignation, and voluntary separation incentive options. These programs are part of a larger workforce reduction effort. The goal is to reduce the number of NASA employees significantly by 2026. Also Read: 1923 Season 1 Netflix: Why will Netflix air only Season 1? Here's how and when to stream internationally by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If You Eat Ginger Everyday for 1 Month This is What Happens Tips and Tricks Undo Reasons Behind Staff Reductions The Trump administration has proposed a 24% cut to NASA's overall budget for 2026. This proposal aims to lower the employee count from 17,391 to 11,853, a 32% drop. The proposed budget is still under review by Congress and not yet finalized. Deadline for Employee Decisions NASA has asked employees to decide by July 25 if they want to participate in the new staff reduction options. Those who opt into the Deferred Resignation Program will likely stop working soon afterward but will continue to receive pay until January 9, 2026. Live Events Also Read: This is why nearly 700,000 Americans lost Medicaid coverage in one month Terms of Departure According to the agency, employees who sign the separation agreement will start administrative leave within one to two weeks. Most participants are expected to complete their employment by January 9, 2026. Some critical staff may receive approval to delay their departure until April 1 or as late as September 30, 2026. Similar Changes Across Other Agencies NASA's new programs follow similar moves at other government agencies. Around 75,000 federal workers have already taken deferred resignation offers. Changes have also occurred at NASA's Jet Propulsion Laboratory (JPL), which recently ended remote work. Most of the 5,500 staff at JPL are now required to return to the office or resign. FAQs Why is NASA reducing its workforce now? NASA is responding to proposed budget cuts for 2026. These cuts aim to reduce spending and the number of employees across the agency. When will most participating employees leave NASA? Most employees who accept the offer will stop working by January 9, 2026. Some may stay until April or September 2026, based on need.
Time of India
an hour ago
- Time of India
Tech could help process Census data within 9 months; mobile apps to be used for count
NEW DELHI: Final population data from Census 2027 may be available as early as the end of 2027, thanks to the 'digital' mode being introduced for capturing and processing datasets in the upcoming exercise. Tired of too many ads? go ad free now Sources in the govt indicated that unlike Census 2011 when it took almost a couple of years for the final population data to be published at the national, state, district and taluk levels, complete with the gender-wise break-up, govt estimates that the time lag between completion of Census in early March 2027 and release of final population data could be as little as nine months. Govt had recently announced March 1, 2027, as the new reference date for the upcoming Census. Though due to start in 2020, the Covid pandemic forced the govt to put the decadal exercise on hold. Census enumerators to use app to collect data Census 2027 will be held in two phases - the house-listing phase in 2026, followed by population enumeration phase in Feb 2027. For the first time, Census data will be collected digitally, using mobile phone apps in 16 languages (Hindi, English and 14 regional languages). These apps are designed to be simple and user-friendly for both the enumerators and citizens, since the latter will also have the option to self-enumerate, the sources said. Enumerators will no longer have to carry bulky paper schedules to the field. With tech use, data to be ready instantly The Census schedules will contain mostly pre-coded responses. On the mobile apps, various options would be available from the dropdown menu. The apps provide a fetching facility to go to a pre-filled Census house record and permit editing the same. The applications will reduce the burden of preparing abstracts, summaries and duplication of other associated work. Tired of too many ads? go ad free now With the help of mobile apps and intelligent character recognition (ICR) data processing mostly used to organise unstructured data, the entire data will be instantly ready for processing without extra logistics of schedules. For the first time, a separate code directory will be provided for enabling easy data collection in respect of several questions asked in the second phase of Census (population enumeration). For questions involving descriptive/non-numeric entries, a separate code directory containing possible responses and codes for each possible answer has been prepared. In tune with digital census, a census management and monitoring system (CMMS) portal has been developed by the Office of RGI for smooth conduct, management and monitoring of the exercise.
Time of India
2 hours ago
- Time of India
Gemini Daily Horoscope Today, June 12, 2025: Let joy be your compass today
Today reminds you to follow what lifts your spirit. Joy is not selfish—it is a signpost guiding you toward the life you are meant to live. The stars support spontaneous decisions, creative thinking, and laughter that comes from deep inside. Don't let heavy thoughts stop you from enjoying the present. Make space for happiness, even if it's small. A colourful moment, a light chat, or a new idea could change your mood entirely. Where joy leads, life blooms more fully. Gemini Love Horoscope Today Love feels lighter when you stop trying to make it serious all the time. If you're in a relationship, do something fun together—share stories, dance in the kitchen, laugh without reason. If you're single, let go of overthinking who's right or wrong. Enjoy getting to know someone new without planning everything. Love is more real when it grows from shared joy. Today, let your heart play a little. That lightness will naturally attract someone who sees your glow. Gemini Career Horoscope Today In your career, the more you enjoy your work, the more success flows. Let curiosity guide your tasks today. Ask questions, try different methods, or bring colour to your space. Your energy will lift the whole environment. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Simple. Clean. Solitaire Play Solitaire Download Undo Avoid taking on too much at once. Small wins bring motivation. If you've been thinking of a creative project, now is a great time to start. Let joy be your guide, not just deadlines. Gemini Money Horoscope Today With finances, don't let fear control your choices. Instead, think about what brings lasting happiness. It's okay to treat yourself, but only when it adds value, not just momentary relief. Be wise and cheerful while spending. You may also find a joyful way to earn—maybe a hobby that brings money. Money should support your joy, not replace it. Save where needed, but let your heart have a say too. Gemini Health Horoscope Today Your health improves naturally when your mood is bright. You may feel more active today, so use this energy well. Go for a walk, dance, or play something. If you're feeling mentally stuck, try laughter therapy or uplifting music. Avoid too much processed food—it may lower your energy. A fruit-filled snack or a colourful plate can lift your body and mood. Emotional health matters as much as physical. When joy leads, your whole body responds with lightness and strength. Discover everything about astrology at the Times of India , including daily horoscopes for Aries , Taurus , Gemini , Cancer , Leo , Virgo , Libra , Scorpio , Sagittarius , Capricorn , Aquarius , and Pisces .
