Canada employment declines again as full-time work falls and wage growth slows
Updated
Updated · continuumeconomics.com · May 8
Canada employment declines again as full-time work falls and wage growth slows
15 articles · Updated · continuumeconomics.com · May 8
April employment fell 18,000, the unemployment rate rose to 6.9%, and public-sector jobs dropped 9,500 as labour force growth of 33,500 added pressure.
Goods-producing industries lost 26,800 jobs, led by a 15,700 fall in construction, while services gained 9,100; information, culture and recreation fell 24,800.
The data marks a third decline in four months, reinforcing signs of a softer labour market after February payrolls fell 60,200, though wage growth for permanent employees remained relatively firm at 4.8%.
Are 17,700 job losses a serious economic warning, or the 'new normal' for Canada?
With unemployment rising, why do 70% of Canadian employers still struggle to find skilled workers?