Payroll employment decreases for the 1st time since May 2021
- Canada average weekly earnings year rose 2.5% vs. 3.2% in April and 4.2% in March
- payroll employment decreases in both goods and services for the 1st time since May 2021
- 9 provinces reported year on year increases led by New Brunswick at 7.4%,
- the year on year basis average weekly earnings increased in more than half of all sectors in May led by retail trade (+9.3%) and professional, scientific and technical services (+8.1%). Year on year they were down in arts, entertainment and recreation (-9.7%) and information and cultural industries (-6.6%)
- average weekly hours worked were unchanged in May compared to the previous month. The remaining 1.5% above the pre-Covid levels
- there were over 1 million job vacancies for the 2nd consecutive month (1,005,700)
- number of employees receiving payer benefits decreased by 26,100 or -0.1% in May. This was the 1st decline since May 2021
- goods producing sector decreased 20,600 or -0.7% led by loss in construction of -17,500 (-1.5%)
- service producing payroll employees decreased by 14,200 (-0.1%). Educational services (-12.1K). Healthcare and social assistance (-10.3 K), and retail trade (-8K) were offset by increases in professional, scientific and technical services (+10.9 K), accommodation and food services (+9.2 K), and real estate and rental and leasing (+1.6 K)