July 18, 2024 13:01 GMT
Employment Insurance Rises In May After Stable Trend, Up 14% YOY
CANADA DATA
- Employment Insurance recipients +1.9% MOM in May to 464K; +14% YOY.
- Statistics Canada: "Prior to the increase in May, the number of regular EI recipients had held relatively steady since September 2023."
- Unemployment was 6.2% in May and ticked up to 6.4% in June, in line with BOC's view of slack emerging in the labor market.
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