Statistics Canada to release April labour force survey today
Statistics Canada said the country lost 18,000 jobs in April, while average hourly wages rose 4.5% from a year earlier.
- On Friday, Statistics Canada reported a loss of 18,000 jobs in April, pushing the unemployment rate up to 6.9 per cent.
- Economists polled by Reuters had expected the economy to add 15,000 jobs, with the unemployment rate remaining steady at 6.7 per cent, according to LSEG Data & Analytics.
- Ontario added 42,000 jobs in April, largely in healthcare, while Quebec lost 43,000 jobs in trade and manufacturing; average hourly wages rose 4.5 per cent year-over-year.
- The Bank of Canada held its policy interest rate at 2.25 per cent last week, as the central bank monitors trade policy uncertainty and high oil prices from the Middle East.
- Despite a March uptick, Canada has posted a net decline of 112,000 jobs over the first four months of this year, a scale of loss last seen during the pandemic.
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The Epoch Times
ussanews.comCanada Sheds 18,000 Jobs in April as Unemployment Rate Climbs to 6.9 Percent
Canada’s economy lost 18,000 jobs and saw the unemployment rate increase to 6.9 percent in April, according to labour force survey data released May 8 by Statistics Canada. The news came in the wake of 14,000 new jobs and a 6.7 percent unemployment rate reported in March and was mainly created by more people entering the labour force and looking for work, according to StatCan. Statistics Canada similarly noted that the monthly layoff rate in Apr…
Canada's economy dropped 18,000 jobs in April as unemployment rose to 6-month high
April's loss means Canada has shed jobs in three of the fourth months so far this year, making for 112,000 jobs lost since January. The Statistics Canada data released on Friday indicates a continued weakness in the labour market, which has struggled in the face of U.S tariffs and trade uncertainty.
The Canadian economy lost 18,000 jobs in April, while the unemployment rate increased by 0.2 percentage points to 6.9%.
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