Canada Adds 24,700 Jobs in May


Canada’s economy added more jobs than economists expected in May, the fifth straight monthly gain, because of increased hiring in the transportation and health care industries.

Employment rose by 24,700 in May, following April’s record 108,700 jump, Statistics Canada said. The jobless rate was unchanged at 8.1 percent.

Transportation and warehousing companies hired 26,100 workers in May, and health care and social assistance added 17,800, Statistics Canada said.

The May report saw a shift to payroll employment, which increased by 52,800, while self-employment fell by 28,000.

Full-time jobs rose by 67,300 and part-time jobs fell by 42,500, the statistics agency said.

Average hourly wage growth quickened to 2.4 percent in May from a year ago, compared with 2 percent in April.


TradingEconomics.com, Bloomberg
6/4/2010 9:10:52 AM