General Motors auto workers at the company's Oshawa Ontario facility in 2009. Fred Thornhill/Reuters

Canada's jobs report crushed it.

The Canadian economy added 54,500 jobs in May, according to the latest data from Statistics Canada.

Full-time employment surged by 77,000 last month, while part-time employment dropped by 22,300.

Employment for those ages 15 to 24 jumped by 28,000, marking the first notable increase in jobs for young people since October 2016. Jobs for men ages 25 to 54 rose by 25,000 in May.

"Overall, the jobs report was reasonably good," David Madani, the senior Canada economist at Capital Economics, said in a note.

The overall unemployment rate came in at 6.6%, as expected, up from the prior month's 6.5%.

May's report marks a reversal from the previous month's, which saw full-time employment tumble by 31,200 and employment for men ages 25 to 54 fall by 20,000.

Still, "despite the increase in full-time employment, it's important to note that hours worked decline and the evidence on hourly earnings still suggest that wage cost pressures are very subdued," Madani added.

"That fact, together with the competing uncertainties clouding the economic outlook, means that the Bank of Canada will likely remain neutral on the near-term outlook for interest rates."

The Canadian dollar was up by 0.3% at 1.3472 per US dollar at 8:34 a.m. ET, after being little changed earlier in the day.