Canada Adds 953,000 Jobs in June. Unemployment falls to 12.3%

Statistics Canada is reporting that the economy added 953,000 jobs in June. That breaks down to 488,000 full-time and 465,000 part-time positions. A positive sign that businesses forced to close due to the COVID-19 pandemic are in the process of reopening. After reaching a record high unemployment rate of 13.7% in May, the June rate fell to 12.3%. However, Statistic Canada said that the unemployment rate would have been 16.3% had it included in unemployment counts those who wanted to work but did not look for a employment.