54,500 New Jobs Created in May

Jobs increase

CBJ — Canada’s labour market was surprisingly strong last month, when 77,000 full-time positions were created.

As a result of the full-time work, Statistics Canada says 54,500 net new jobs were gained overall — far more than expected.

Canada has now generated 185,000 full-time jobs through the first five months of 2017, far exceeding the 73,500 created all of last year. Remaining on this pace would result in the best year since the major tech boom back in 1999.

The national unemployment rate edged up to 6.6%, however, as more people looked to enter the job market.

By province, the agency says Ontario, British Columbia and Quebec saw the biggest job gains last month.

Quebec’s unemployment rate dropped 0.6 percentage points to 6% – its lowest level since Statistics Canada started collecting the data in 1976.

Provincial Unemployment Rates for May (April in brackets)

— Newfoundland and Labrador 14.8% (14.0)
— Prince Edward Island 10.0 (10.3)
— Nova Scotia 7.9 (8.3)
— New Brunswick 8.4 (8.7)
— Quebec 6.0 (6.6)
— Ontario 6.5 (5.8)
— Manitoba 5.3 (5.4)
— Saskatchewan 6.3 (6.2)
— Alberta 7.8 (7.9)
— British Columbia 5.6 (5.5)

@CanBizJournal

 

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