Canada Jobless Rate At 8-1/2-Year Low Of 6.5% In April


The unemployment rate in Canada decreased to 6.5 percent in April of 2017 from 6.7 percent in the previous month and below market expectations of 6.7 percent. It was the lowest jobless rate since October of 2008, as the number of unemployed persons fell by 48.7 thousand while employed rose by 3.2 thousand, below market consensus of a 10 thousand increase.

Unemployment decreased by 48,700 to 1,265,000, and employment went up by 3.2 thousand to 18,311,200. Full-time employment decreased by 31.2 thousand, following a 18.4 thousand rise in March. Part-time employment rose by 34.3 thousand after a 1 thousand gain in the previous month.

There were more people working in educational services (19.9 thousand); health care and social assistance (12 thousand); transportation and warehousing (8.8 thousand); and information, culture and recreation (10.7 thousand). On the other hand, declines were recorded in business, building and other support services (-19 thousand); accommodation and food services (-12 thousand); "other services" (-9.5 thousand); and public administration (-7.8 thousand).

Public sector employment increased by 35,000 in April, largely in health care and social assistance and educational services. At the same time, the number of private sector employees fell by 51,000.

Employment rose in British Columbia and Prince Edward Island, while it was virtually unchanged in the other provinces.

In April, employment increased among people 55 and older, while it declined among men aged 25 to 54.

The participation rate decreased to 65.6 percent from 65.9 percent in the previous month.

Canada Jobless Rate At 8-1/2-Year Low Of 6.5% In April


Statistics Canada | Yekaterina Guchshina | yekaterina@tradingeconomics.com
5/5/2017 12:42:07 PM