The Canadian economy may have lost 43,000 jobs last month, the first loss since January, but with fewer people looking for work, the national unemployment rate fell to a new record low.
Statistics Canada's Labour Force Survey for June recorded a national jobless rate of 4.9 per cent, the fourth consecutive record low since the agency started using its current indicators in 1976.
The adjusted rate, which includes those who are not in the labour force but want a job, also fell 0.2 percentage points to 6.8 per cent, the second consecutive record low.
Windsor's unemployment rate also hit its lowest rate in recent memory. It was 5.4 per cent, a drop of 0.4 percentage points from May.
The local labour participation rate also fell a full percentage point to 59.5 per cent as fewer people searched for employment.
The national labour force participation rate fell to 64.9 per cent, down 0.4 percentage points.
Ontario also saw a decline in labour force participation. Employment didn't change from May, but the jobless rate still slid to 5.1 per cent, a drop of 0.4 percentage points from the month before.
Not only has Canada's unemployment rate dropped, but the number of part-time workers who want a full-time job but can't find one also decreased. The survey said that also fell to a new low as that number dropped 14 per cent.
Canadians got paid more in June. The average hourly wage climbed 5.2 per cent from one year ago by $1.54 to $31.24. Over the past few months, wages steadily increased. They were up 3.9 per cent from May after April's 3.3 per cent increase.
The number of total hours worked increased for the first time since March 2020. Canadians worked 1.3 per cent more.
