Windsor’s unemployment rate soared to 9.1% in June, marking the highest in the country, according to the latest report from Statistics Canada.<\/p>\n
The monthly labour force survey revealed that Windsor’s unemployment rate rose from 8.5% in May to 9.1% in June, making it the highest among Canadian cities. Calgary followed with an unemployment rate of 8.5%.<\/p>\n
Nationwide, the Canadian economy shed 1,400 jobs in June, which caused the national unemployment rate to climb to 6.4%, the highest it has been in over two years.<\/p>\n
The report also highlighted a significant rise in youth unemployment (ages 15 to 24), which increased by 0.9 percentage points to 13.5% in June. This marks the highest rate since September 2014, excluding the pandemic years of 2020 and 2021. On a year-over-year basis, youth unemployment was up by 2.1 percentage points.<\/p>\n
Employment numbers remained virtually unchanged in June, with a slight decrease of 1,400 jobs, or 0.0%. This follows a modest increase of 27,000 jobs, or 0.1%, in May. The employment rate, which measures the proportion of people aged 15 and older who are employed, fell by 0.2 percentage points to 61.1% in June. This decline marks the eighth decrease in the past nine months. Since reaching a recent high of 62.4% in January and February 2023, the employment rate has dropped by 1.3 percentage points.<\/p>\n
Despite the monthly fluctuations, employment was up 1.7% year-over-year in June, adding 343,000 jobs compared to the same month last year.<\/p>\n
Source: Statistics Canada<\/p>\n","protected":false},"excerpt":{"rendered":"
Windsor’s unemployment rate soared to 9.1% in June, marking the highest in the country, according to the latest report from Statistics Canada. The monthly labour force survey revealed that Windsor’s unemployment rate rose from 8.5% in May to 9.1% in June, making it the highest among Canadian cities. Calgary followed with an unemployment rate of […]<\/p>\n","protected":false},"author":123,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[112],"tags":[689,586,587,690,691,692,693,694,695,696,697,698,699,700,701,702,111,703,704,705],"class_list":["post-278","post","type-post","status-publish","format-standard","hentry","category-business","tag-calgary","tag-canada","tag-canadian-cities","tag-canadian-economy","tag-economic-report","tag-employment-decline","tag-employment-rate","tag-high-skilled-jobs","tag-job-loss","tag-job-market-trends","tag-june-2024","tag-labour-force-survey","tag-labour-statistics","tag-national-unemployment","tag-statistics-canada","tag-unemployment-rate","tag-windsor","tag-windsor-job-market","tag-year-over-year-employment","tag-youth-unemployment"],"_links":{"self":[{"href":"https:\/\/swifteradio.com\/update\/wp-json\/wp\/v2\/posts\/278","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/swifteradio.com\/update\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/swifteradio.com\/update\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/swifteradio.com\/update\/wp-json\/wp\/v2\/users\/123"}],"replies":[{"embeddable":true,"href":"https:\/\/swifteradio.com\/update\/wp-json\/wp\/v2\/comments?post=278"}],"version-history":[{"count":0,"href":"https:\/\/swifteradio.com\/update\/wp-json\/wp\/v2\/posts\/278\/revisions"}],"wp:attachment":[{"href":"https:\/\/swifteradio.com\/update\/wp-json\/wp\/v2\/media?parent=278"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swifteradio.com\/update\/wp-json\/wp\/v2\/categories?post=278"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/swifteradio.com\/update\/wp-json\/wp\/v2\/tags?post=278"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}