Canada’s unemployment rate surged in May, reaching its highest point since 2016, excluding the COVID-19 pandemic period, with 1.6 million people classified as jobless across the country, new data suggests.
The unemployment rate rose 0.1 percentage points to 7 percent last month, leading to a total of nearly 14 percent more jobless people compared to the same time last year, a newly released report from Statistics Canada said. It’s also a 6.6 percent rise since the beginning of the year.