Unemployment Rate Ticks Higher in May for First Time in Nine Months: StatCan

A "Now Hiring," sign is displayed on a business in Montreal on May 30, 2023. The Canadian Press/Christinne Muschi

Canada’s jobless rate ticked higher to 5.2 per cent in May, marking the first increase since August 2022 as economists have been watching for any sign of a softening labour market.

Overall employment was little changed last month as the economy lost a modest 17,000 jobs, Statistics Canada reported Friday.