- Analytics
- News and Tools
- Market News
- Canada’s unemployment rate remains unchanged at 7.1% in April
Canada’s unemployment rate remains unchanged at 7.1% in April
Statistics Canada released the labour market data on Friday. Canada's unemployment rate remained unchanged at 7.1% in April. Analysts had expected the unemployment rate to rise to 7.2%.
The labour participation rate declined to 65.8% in April from 65.9% in March.
The Bank of Canada monitors closely the labour participation rate.
The number of employed people declined by 2,100 jobs in April, missing expectations for a rise of 1,000 jobs, after a 40,600 increase in March.
The decrease was mainly driven by a fall in full-time work. Full-time employment declined by 2,400 in April, while part-time employment increased by 400 jobs.
Employment declined in manufacturing, business, building, and other support services, 'other services' natural resources, and agriculture.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
