Employment in Canada rose for a sixth consecutive month, exceeding expectations by a wide margin, while the unemployment rate rose because more people went looking for work amid improving economic conditions.
Gains were led by full-time jobs in the private sector in another signal Canadian companies believe sales prospects are on the upswing.
The Canadian economy added a net +54k jobs vs. +15k expected. The unemployment rate backed up to +6.6% in May from +6.5% in April due to an increase in the labor force of +78.4k
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