Canadian BMO economist shares solid May ’26 jobs report - Commonwealth Union

BCREA: BC Gains Over 25,000 Jobs in May

BRITISH COLUMBIA – Canadian employment saw a major upswing from the previous month, with the economy gaining 88,000 jobs (+0.4 per cent) to 21.122 million in May. The employment rate rose by 0.2 points to 60.7 per cent, while the unemployment rate fell by 0.3 points to 6.6 per cent. Average hourly wages rose 3.0 per cent year-over-year to $37.24 in May. Employment in B.C. increased by 0.9 per cent to about 2.929 million, with the provincial econ…

Canadian BMO economist shares solid May ’26 jobs report - Commonwealth Union

A surprisingly strong May ’26 employment report has reinforced many economists’ views that the Canadian economy may not be in a ‘technical recession.’ On Friday, 5 June, Statistics Canada reported that the economy added 88,000 jobs during May ’26. This revelation topped economists’ expectations for a gain of 10,000 positions. The agency also said that the unemployment rate declined to 6.6% last month. This was down from 0.3% of 6.9% recorded the…