In June, 486,000 Canadians received regular Employment Insurance (EI) benefits, down by 7,000 (-1.4%) from May.
According to the Labour Force Survey (LFS), unemployment fell by 54,000 (-5.1%) in June, resulting in a record low unemployment rate of 4.9%. Employment also fell in June (-43,000; -0.2%), and the participation rate—the share of the working age population who were either employed or unemployed—dropped 0.4 percentage points to 64.9%.
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