Canada sheds 294,200 jobs in June - ADP

OTTAWA (Reuters) - Canada lost 294,200 jobs in June, mainly on a plunge in service sector jobs in industries hit hard by COVID-19 restrictions, a report from payroll services provider ADP showed on Thursday.

The May data was revised to show a loss of 318,700 jobs rather than a gain of 101,600. The report, which is derived from ADP's payrolls data, measures the change in total nonfarm payroll employment each month on a seasonally-adjusted basis.

(Reporting by Julie Gordon in Ottawa; Editing by Kevin Liffey)

You May Also Be Interested In

• WPP opens London hub in bid to produce faster, AI-assisted ads
• Financial stocks fall with AI and flattening yield curve in focus
• Estonia says France must explain push to lift EU sanctions on Usmanov