Canada Jobless Rate Steady at 7.1% in April


Canada's unemployment rate was recorded at 7.1 percent in April of 2016, unchanged from the previous month and below market expectations of 7.2 percent. Employment was virtually unchanged (down 2,400 to 18.041 million) while unemployment decreased by 1,700 (or 0.1 percent) to 1.38 million.

Unemployment decreased by 1,700 to 1,383,200, and employment went down by 2,100 to 18,041,400. Full-time employment declined by 2,400 while part-time added 400 jobs. Meantime, labour force went down by 3,800 to 19,424,600.

On a year-over-year basis, employment rose 0.8 percent (+144,00), with the gains coming from both full-time work (+88,200 or +0.6 percent) and part-time (+55,900 or 1.7 percent). The unemployment rate rose from 6.8 percent to 7.1 percent. At the same time, the number of hours worked increased by 0.9 percent. 

Provincially, employment declined in Alberta and Manitoba, while it increased in British Columbia, Newfoundland and Labrador, and New Brunswick.

There were fewer people working in manufacturing (-17,000); business, building, and other support services (-16,000); 'other services'(-12,000); natural resources (-7,800); and agriculture (-7,000). These losses were offset by gains in wholesale and retail trade (+27,000) as well as accommodation and food services (+22,000).

The number of self-employed workers edged down in April, while there was little change among public and private sector employees.

The participation rate decreased to 65.8 percent from 65.9 percent in the previous month.

Youth unemployment rate declined to 13.1 percent from 13.4 percent in March.

 Canada Jobless Rate Steady at 7.1% in April


Statistics Canada | Yekaterina Guchshina | yekaterina@tradingeconomics.com
5/6/2016 2:18:49 PM