Canadian unemployment rate stayed unchanged at 6.8% in June

FXStreet (Mumbai) - As per the official data released on Friday, the Canadian unemployment rate remained unchanged at 6.8% in June, contrary to the expectations of a rise to 6.9%.

The official data also showed employment was virtually unchanged in June (-6,400 or 0.0%), as gains in full-time work were offset by losses in part time. In the 12 months to June, employment increased by 176,000 (+1.0%), entirely the result of more full-time work. Over the same period, the total number of hours worked grew by 2.1%.

Adjusted to concepts used in the United States, the unemployment rate in Canada was 5.8% in June, compared with 5.3% in the United States.