Canada's labour market surprises with record-breaking employment gain

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 59 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 99%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Canada's labour market delivered a surprise Friday with its biggest one-month employment gain since the government started collecting comparable data in 1976.

The country added 106,500 net jobs in April, the bulk of which were full time, Statistics Canada said in its latest labour force survey.

"Wow. This was by and large a solid report. Nearly every indicator of quality came in strong this month," TD senior economist Brian DePratto wrote in a research note.Overall, compared with March, employment in April was up 0.6 per cent, which was the highest proportional monthly expansion since 1994 when it reached 0.7 per cent.

A rush of 66,400 part-time positions for workers aged 15 to 24 years old helped lower the youth unemployment rate last month to 10.3 per cent, down from 10.7 per cent, the survey said.Desjardins senior economist Helene Begin said in a report that nearly 80 per cent of the overall gain was concentrated in Ontario, which added 47,100 jobs in April, and in Quebec, which saw its jobless rate fall to 4.9 per cent for its lowest level since the survey's creation in 1976.

The Bank of Canada has blamed the deceleration on temporary factors and is predicting the economy to pick up its pace as 2019 progresses. The numbers have remained strong even though more and more people have been looking for work in Canada. The ranks of workers have grown in recent years thanks in large part to a big immigration boost.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

And in the fall the stats will show a dramatic layoff

For the Newly arrived until climatized imo

Alberta, Ontario and PEI are conservative provinces and are pushing forward. Trudeau protects Quebec with government jobs which helps their private sector. This stat is not a sign of good leadership. It's a sign of the blue wave.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines