Canada’s employers continued hiring in May. The economy created 95,000 new mostly full-time jobs.And while Canada’s unemployment rate is still 0.1% higher than the 7% reached at the first months of this year, there are more Canadians working now than there have been at any time in the past 5 years.
Statistics Canada released its monthly labour market survey report this morning (July 10th) for the month of June, and overall, it is fairly good news (the original report is found here: http://www.statcan.gc.ca/daily-quotidien/100709/dq100709a-eng.htm). Canada’s economy created 93,000 jobs – significantly more than generally expected. The trend was lead by Ontario, whereas employment in British Columbia remained unchanged.
A new StatCan report regarding May’s Employment Numbers indicates that employment in Canada decreased by 42,000 in May and unemployment rose to 8.4% – Canada’s highest rate for 11 years. The job losses were concentrated in Ontario, where unemployment reached 9.4% – its highest value in 15 years. In fact, Ontario lost 60,000 jobs in May, bringing total losses since last October to 234,000 or 3.5%. While Ontario accounts for 39% of the total working-age population, it has experienced 64% of overall employment losses since the start of the labour market downturn. The remaining provinces saw little changes in May, and Manitoba, Nova Scotia and Saskatchewan even experienced increases in employment.
Continue reading Ontario’s Job Market Hit Disproportionately Hard by Recession, Further Declines Likely