Market news
05.05.2017, 12:55

Canadian unemployment rate declined 0.2 percentage points to 6.5%, the lowest rate since October 2008

Employment was little changed in April, while the unemployment rate declined 0.2 percentage points to 6.5%, the lowest rate since October 2008. The decrease was mostly the result of fewer youth searching for work.

Compared with 12 months earlier, there were 276,000 (+1.5%) more people employed and the unemployment rate was 0.6 percentage points lower. Over the same period, the total number of hours worked rose 1.1%.

n April, employment increased among people 55 and older, while it declined among men aged 25 to 54. Employment was little changed among women aged 25 to 54 and youths aged 15 to 24.

Employment rose in British Columbia and Prince Edward Island, while it was virtually unchanged in the other provinces.

More people were employed in educational services, health care and social assistance, and transportation and warehousing in April. At the same time, employment declined in business, building and other support services, as well as in accommodation and food services.

Public sector employment increased in April, while the number of private sector employees fell. Self-employment was little changed.

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