Canadian employment was virtually unchanged in June as the economy shed 700 jobs. The national unemployment rate moved slightly lower, falling by 0.1 points to 6.8 per cent  BC was the only province to record a gain in jobs in the month of June, adding 16,000 jobs. The provincial unemployment rate remained the lowest in the country at 5.9 per cent.

US non-farm payrolls roared back from a very disappointing May as June saw 287,000 news jobs created for the month, beating the consensus forecast by over 100,000 jobs.  The national unemployment rate down ticked higher to 4.9 per cent in spite strong growth due to a surge in people joining or returning to the workforce.

Copyright British Columbia Real Estate Association. Reprinted with permission.