The third wave of the coronavirus made its presence felt in this country’s job market.
Information released Friday by Statistics Canada showed employment fell for a second straight month in May by a bigger-than-anticipated drop.
The nation’s number crunchers said the country’s labour market lost a net 68,000 jobs in May on a seasonally adjusted basis. Market expectations were for the economy to shed 22,500 jobs, according to economists with TD Securities.
In April, Canada lost about 207,000 jobs.
The unemployment rate, meanwhile, climbed to 8.2% in May from April’s 8.1% reading. That matched market expectations.