Young and middle-aged men landed a lot more full-time Canada jobs in June as the employment picture brightened with a net employment gain of 60,000 filled positions, up by 0.3 per cent over the previous month.
Women didn’t fare as well even though the country added a total of 110,000 full-time jobs.
“Employment gains in June were concentrated among young men aged 15 to 24, up 31,000 jobs, and men aged 25 to 54, up another 31,000 jobs,” reports Statistics Canada.
“Employment among women of all age groups was little changed in June.”
Wholesale and retail trades added 33,000 jobs, the manufacturing sector 27,000 jobs, healthcare and social assistance another 21,000 jobs and transportation and warehousing by 10,000 positions, the June Labour Force Survey says.
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“Meanwhile, declines were recorded in construction, which shed 14,000 jobs, educational services, down by 14,000 jobs and agriculture which shed 6,000 jobs,” notes Statistics Canada.
The net increase in employment in June was the biggest such improvement for workers in Canada since January and that was enough to push up the employment rate, the proportion of the population aged 15 years old and more who are employed, up 0.1 percentage points to 62.2 per cent in June.
“Employment gains in June were all in full-time work, which saw an increase of 110,000 jobs, as the number of people working part-time fell by 50,000,” notes Statistics Canada.
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Average hourly wages in June were up a relatively modest 4.2 per cent, or $1.32 to $33.12, on a year-over-year basis.
“This was the slowest year-over-year growth in average hourly wages since May 2022,” notes Statistics Canada. “From February to May 2023, year-over-year growth in average hourly wages had hovered between 5.1 per cent and 5.4 per cent.”
Even as more workers landed jobs – and more full-time jobs – the Canadian labour market also witnessed a rise in unemployment in June.
Unemployment Nudges Up To 5.4%
“The unemployment rate rose 0.2 percentage points to 5.4 per cent in June, following a similar increase of 0.2 percentage points in May,” notes Statistics Canada.
“The increase brought the rate to its highest level since February 2022 when it was also 5.4 per cent. There were 1.1 million people unemployed in June, an increase of 54,000, or 4.9 per cent, in the month.”
Despite the bump up in unemployment, that rate remained below its pre-COVID-19 pandemic average of 5.7 per cent recorded in the 12 months prior to February 2020, Statistics Canada reports.
On the unemployment lines, core-aged men and women, those between the ages of 25 and 54, are faring equally with both men and women feeling the pinch of a 4.4 per cent unemployment rate.
Following an increase of 0.7 percentage points in May, the unemployment rate of young women aged 15 to 24 rose by a full percentage point in June to reach 10.5%, its highest level since October 2022.
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Among teens and younger adults, those aged 15 to 24, young men are faring worse, with an unemployment rate of 12.5 per cent in June for young men while the comparable rate for young women was 10.5 per cent. The situation, though, has worsened for young women in the past few months with an increase of 0.7 per cent in their unemployment rate in May and a full percentage point bump up in June.
Those June employment numbers for June are partly a reflection of students being slower to land summer jobs this year compared last year.
Last year, 56.7 per cent of teenaged girls and young women who planned to return to school had landed jobs in June. This year, only 53.4 per cent of them did, less than the pre-pandemic average of 54.3 per cent for the month.
“The decline in June follows a slow start to the summer job season for young women in May,” reports Statistics Canada.
Female Students Landed Fewer Summer Jobs In June This Year
“On a year-over-year basis, the employment rate of female returning students aged 15 to 24 had declined 4.4 percentage points to 49.1 per cent in May 2023.”
Teenaged boys and young men returning to school did not see a drop in their employment numbers this June but, then again, their employment rate was already significantly lower than that of their female counterparts.
“The employment rate among male returning students aged 15 to 24 was little changed at 49.9 per cent on a year-over-year basis in June,” notes Statistics Canada. “The rate was slightly above the pre-pandemic average of 48 per cent for the month from 2017 to 2019.”
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