Canadian unemployment rate at 33-year low


The unemployment rate held steady for the fourth straight month at 6.1%, a 33-year low.

Employment was little changed for a second consecutive month in May, with full-time gains mostly offset by losses in part time. Since the start of the year, employment has risen 1.0% (+162,000), a slightly slower pace of growth than the rate of 1.3% observed during the first five months of 2006.
The employment rate for students—those aged 15 to 24 who were studying full time in March and who plan to return to their studies in September—reached a 16-year high in May (47.2%).
Construction, information, culture and recreation, and accommodation and food services have been the main source of employment growth in Canada since the beginning of 2007. These three industries also buoyed employment in May, counteracting the weakness in the trade sector and in natural resources.
Employment in British Columbia increased by an estimated 14,000 in May, all in full time. British Columbia (+2.0%) leads the way for employment growth so far this year, with New Brunswick (+1.9%), Alberta (+1.8%), Quebec (+1.3%) and Manitoba (+1.3%) also above the national average.

 


Statistics Canada
6/18/2007 3:21:54 PM