Canada Unemployment Rate Rises to 7% in May


Canada's jobless rate increased 0.1 percentage points to 7.0 percent as there were more people in the labour market. Employment edged up by 26,000 in May, driven by gains in part-time work.

In the 12 months to May, employment increased by 86,000 or 0.5%, with all the growth in part time. Over the same period, the number of hours worked was little changed.

There were more employed men and women aged 15 to 24 in May. However, this was partly offset by fewer employed men aged 25 to 54.

Provincially, employment increased in Alberta, while it declined in Newfoundland and Labrador. There was little overall employment change in all other provinces.

There were more people working in educational services, accommodation and food services, and in agriculture. At the same time, there were fewer people working in natural resources, as well as in finance, insurance, real estate and leasing.

The number of public sector employees increased in May, mainly the result of more employment in educational services. At the same time, there was little change in the number of private sector employees and a decline in self-employment.

On a year-over-year basis, all of the employment growth was in the private sector (+129,000 or +1.1%), while there was little change in the public sector and in self-employment.

Canada Unemployment Rate Rises to 7% in May


Statistics Canada | anna@tradingeconomics.com
6/6/2014 1:35:25 PM