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- Canada’s economy adds 58,900 jobs in May
Canada’s economy adds 58,900 jobs in May
Statistics Canada released the labour market data on Friday. Canada's unemployment rate remained unchanged at 6.8% in May, in line with expectations.
The number of employed people rose by 58,900 jobs in May, exceeding expectations for a gain of 10,000 jobs, after a 19,700 drop in April.
The increase was driven by a rise driven in the number of private sector employees. Private companies added 56,800 workers in May, while public- sector employment declined by 19,100.
Part-time employment in May rose by 27,900 jobs, while full-time work climbed by 30,900.
Employment in the service sector was up by 48,600 in May, while the manufacturing sector adds 21,500 positions.
The labour participation rate increased to 65.9% in May from 65.8 in April.
The Bank of Canada monitors closely the labour participation rate.
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