Canada Jobless Rate Unchanged at 5.8% in April


The unemployment rate in Canada remained unchanged at 5.8 percent in April of 2018 from the previous month and in line with market expectations. The jobless rate was at its lowest level since 1976 for the third consecutive month. Employment declined by 1,100, well below than an expected 17,400 gain, mainly due to job losses in wholesale and retail trade and in construction sector.

In April, among the core-age population (25 to 54 years old), employment increased by 29,000, boosted by a rise for women (+20,000). Meantime, employment dropped by 23,000 for youth aged (15 to 24 years old) and was little changed among people aged 55 and over.

Employment went up in Manitoba (+4,100) and Nova Scotia (+2,700) while fell in Saskatchewan (-4,900). In Ontario, employment was steady while in Quebec and British Columbia there was almost no change.

There were more people working in professional, scientific and technical services (+21,000) and accommodation and food services (+17,000). On the other hand, jobs were shed in wholesale and retail trade (-22,000) and construction (-19,000).

The number of public and private sector employees and the number of self-employed workers were little changed in April.

On a year-over-year basis, employment rose by 278,000 (+1.5 percent), as the number of full-time workers jumped by 378,000  (+2.6 percent), while the part-time workers edged down by 100,000 (-2.8 percent).

 Canada Jobless Rate Unchanged at 5.8% in April


Statistics Canada | Stefanie Moya | stefanie.moya@tradingeconomics.com
5/11/2018 1:30:45 PM