Canada’s labour market added a net 26,700 jobs in May while the unemployment rate ticked up to 6.2 per cent, Statistics Canada said on Friday.
Stock Market Today: Dow Jones futures fell Friday on the May jobs report. GME stock plunged on an equity offering.
The US added 272,000 jobs in May, much more than the 180,000 economists polled by Bloomberg were expecting. The unemployment rate ticked higher to 4.0% from 3.9%. Average hourly earnings also rose more than expected, 0.4% month-over-month versus the expected 0.3%. Year-over-year, average hourly earnings rose 4.1% compared to a 3.9% estimate. Yahoo Finance's Seana Smith and Brad Smith report the breaking data. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Stephanie Mikulich.