(Reuters) - Canada's economy lost a net 1,400 jobs in June, entirely in full-time work, and the jobless rate climbed to 6.4%, Statistics Canada data showed on Friday.
Analysts had expected a 22,500 gain and for the unemployment rate to rise to 6.3% from 6.2% in May.
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COMMENTARY
DOUG PORTER, CHIEF ECONOMIST AT BMO CAPITAL MARKETS
"The unemployment rate is not (at a) concerning level but it is steadily marching higher and it does highlight that the job market has softened notably over the past year. The softening of the job market does suggest that inflation will moderate further. Wage (growth) has come in higher than expected, so it is a source of frustration for the Bank of Canada that we have this persistent softening in the job market but it is not showing up in wages and it will take time.
"We have been calling for September rate cut ... they need a good inflation number in next CPI (report) to cut in July."
(Reporting by Divya Rajagopal and Nivedita Balu in Toronto, editing by David Ljunggren)
