Canada's employment falls in May, jobless rate unchanged at 5.8 pct

The unemployment rate dropped for Alberta and Calgary last month.					SunMedia

The unemployment rate dropped for Alberta and Calgary last month. SunMedia

Unemployment in the region has risen sharply from the beginning of 2018, when the rate was recorded at 3.8 per cent, with just 1,500 unemployed - right on Stats Canada's threshold where so few are unemployed the agency can't release the data because of confidentiality reasons.

The province was one of five that saw a small drop in unemployment, despite the national economy losing 7,500 jobs in May as a drop in full-time employment was only partially offset by an increase in part-time jobs.

Canada's employment dropped in the month of May.

Unemployment in Northeast B.C. jumped to 7.9 per cent in May, according to Statistics Canada's latest labour force survey.

The Canadian economy unexpectedly shed jobs in May as hiring declined in manufacturing and construction, although wages rose at their strongest annual pace in almost six years, which could give the central bank room to raise interest rates as soon as July.

Barrie's unemployment rate has been on a slight decline since March.

Goods-producing industries led the way lower, shedding 29k positions due to weakness in manufacturing and construction.


Alberta's jobless rate also went down from 6.7 per cent to 6.2 per cent.

But average hourly wages rose 3.9 per cent from a year earlier, matching a pace last seen in July, 2012. Although 31,000 full time jobs were lost during the month of May, that number was balanced off with an increase in part time job creation.

Employment in construction fell for the second consecutive month, decreasing by 13,000 in May. The professional, scientific and technical services sector added 17,000 an transportation and warehousing added 12,000.

Regionally, Prince Edward Island added 800 jobs for the month, while employment in B.C. fell by 12,000 for the month.

Sectors gaining jobs included the accommodation and food services sector which added 18,000 jobs, helped by growth in British Columbia.

With files from The Canadian Press.

Recommended News

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.