Statistics Canada is set to release its June 2026 Labour Force Survey results on Friday, July 10, 2026, at 8:30 a.m. ET. The report comes after the agency reported a surprise gain of 27,000 jobs in May, defying economist expectations of a decline.
In May, the unemployment rate held steady at 6.2%, as the job gains were matched by an increase in the labor force participation rate. The goods-producing sector added 18,000 jobs, while the services sector added 9,000. Full-time employment rose by 22,000, and part-time employment increased by 5,000.
Economists surveyed by Bloomberg had forecast a loss of 10,000 jobs for May, making the actual gain a positive surprise. The Bank of Canada, which cut its key interest rate to 4.75% in June, will be watching the June data closely for signs of labor market softening.
For June, consensus estimates from economists suggest a modest gain of around 15,000 jobs, with the unemployment rate expected to tick up to 6.3%. However, actual results may vary, and the report will provide key insights into the health of Canada's economy mid-2026.
