Media ININ Economy We Trust
Media IN/Abu-dhabi/11-05-2019
According to statistics, the unemployment rate in Canada fell to 5.7 percent in April 2019 from 5.8 percent in the previous month and slightly below market expectations of 5.8 percent.
The economy added 106,000 jobs, the largest rise in employment on record, driven by both full-time positions (73 thousand) and part-time employment (33.6 thousand).
Employment rose in Ontario (47,000), Quebec (38,000), Alberta (21,000), and Prince Edward Island (2,600), while it fell in New Brunswick (-3,900), and was little changed in the other provinces.
More people were employed in wholesale and retail trade (32,000); construction (29,000); information, culture and recreation (14,000); other services (14,000); public administration (9,000); agriculture (7,000). On the other hand, employment declined in professional, scientific and technical services (-15,000), its first monthly decline since August 2018.
The number of employees in both the private and public sectors increased, while self-employment held steady.
Also, employment went up among those aged 55 and older (34,000), due to gains for men (26,000). Additionally, in the core working ages (25 to 54) employment increased by 24,000 in April for women, while it was little changed for male.
The labour force participation rate rose to 65.9 percent from 65.7 percent in the prior month, above market forecasts of 65.7 percent.
In April, more people aged 15 to 24 were employed (47,000), boosted by a strong increase in part-time work (66,000). The youth unemployment rate was 10.3%, the lowest rate since comparable data became available in 1976.
