Jobs expected to rise as Statistics Canada prepares to share June economic data – National

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Statistics Canada will tell on Friday morning how the labor market fared in June after two months of job losses in April and May when companies laid off staff in a third wave of closures.

The economy lost 68,000 jobs in May and others dropped out of the labor force altogether after an April in which 207,000 jobs were lost.

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Canadian economy lost 68,000 jobs in May as COVID-19 closures continued

May’s result left the country about 571,100 jobs, or 3%, below pre-pandemic levels seen in February 2020.

Economists expect the June Labor Force Survey to show an increase in employment as restrictions were lifted nationwide.

CIBC senior economist Royce Mendes says there could also be an increase in the number of workers looking for work, after thousands quit the job search in May.

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He writes that June may just be the aperitif for the summer hiring season, with bigger gains likely to emerge later in the summer as the economy reopens more.

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