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- Canada adds 106,500 new jobs in April; unemployment rate falls to 5.7 percent
Canada adds 106,500 new jobs in April; unemployment rate falls to 5.7 percent
Statistics Canada reported on Friday that the
number of employed people surged by 106,500 m-o-m in April, while economists
had forecast a gain of 10,000 and after an unrevised decline of 7,200 in the
previous month. That was the greatest rise in employment since February 1976.
Meanwhile, Canada's unemployment fell to 5.7
percent from 5.8 percent in March, below economists’ forecast of 5.8 percent.
According to the report, full-time employment
jumped by 73,000 in April, while part-time jobs climbed by 33,600.
In April, the number of private sector
employees rose by 83,800 (+0.7 percent m-o-m), while the number of public
sector employees grew by 22,700 (+0.6 percent m-o-m). At the same time, the
number of self-employed was unchanged last month.
Sector-wise, there were more people working
in wholesale and retail trade (+32,400), construction (+29,700), information,
culture and recreation (+13,800), "other services" (+13,800), public
administration (+9,300) and agriculture (+6,500). At the same time, employment
decreased in professional, scientific and technical services (-14,900).
On a year-over-year basis, employment grew by
426,000 (+2.3 percent), with gains in both full-time (+248,000) and part-time
(+179,000) work.
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