On June 7, the Globe and Mail‘s David Parkinson painted a rosy picture of the Canadian labour market. “Canada’s unemployment rate sinks to new low as hiring gains continue,” the headline reads. He wrote that “Canada’s unemployment rate fell to a new four-decade low in May, as the economy followed up April’s record hiring spree with a month of modest job gains and rising wages.” Referring to last month’s Labour Force Survey, Mr. Parkinson argues that “the labour market continues to be a pillar of strength for the Canadian economy.”
But last month’s Labour Force Survey data do not in fact support his assessment.
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