Labour Force Survey, June 2022

Statistics Canada has shared the results of the June Labour Force Survey. Employment fell by 0.2% in June, offsetting the increase of 40,000 recorded in May. This marks the first employment decline not associated with a tightening of public health restrictions since the beginning of the COVID-19 pandemic. Here are the highlights for the month of June 2022:

Employment fell by 43,000 (-0.2%) in June, fully offsetting the increase of 40,000 recorded in May.
The number of self-employed workers fell by 59,000 (-2.2%), while the number of employees held steady in both the public and the private sectors.
Employment was down among workers aged 55 and over (-51,000; -1.2%). It was little changed among youth aged 15 to 24 and the core-age population aged 25 to 54.
Employment decreased in Newfoundland and Labrador and Quebec, while there were gains in Prince Edward Island and Manitoba.
Employment in the services-producing sector declined by 76,000 (-0.5%) in June, with losses spread across several industries, including retail trade.
In the goods-producing sector, employment rose by 33,000 (+0.8%) in June, with gains in construction and manufacturing.
Total hours worked increased 1.3% in June.
Average hourly wages rose 5.2% (+$1.54 to $31.24) on a year-over-year basis in June, up from 3.9% in May.
The unemployment rate reached a fourth consecutive low reaching a new record of 4.9% in June, and the participation rate fell 0.4 percentage points to 64.9%.
The adjusted unemployment rate—which includes people who were not in the labour force but wanted to work—decreased 0.2 percentage points to 6.8% in June, the second consecutive record low.
Long-term unemployment stood at 185,000 in June.