Canadian Jobs Falls 7,500 in May Well Below Expectations

Employment was little changed in May, and the unemployment rate was 5.8% for the fourth consecutive month.

On a year-over-year basis, employment grew by 238,000 or 1.3%, due to gains in full-time work. Over the same period, total hours worked were up 2.0%.

usdcad Canadian dollar graph, June 8, 2018

In May, employment decreased for people in the core working ages of 25 to 54. It increased for people aged 55 and older, and was little changed among youth aged 15 to 24.

Employment increased in Prince Edward Island, while it decreased in British Columbia and Nova Scotia. There was little change in the other provinces.

There were employment increases in four industries in May: accommodation and food services; professional, scientific and technical services; transportation and warehousing; and finance, insurance, real estate, rental and leasing. At the same time, employment declined in health care and social assistance, manufacturing, construction, and “other services.”

There was little change in the number of employees in both the private and public sectors, as well as the number of self-employed workers.

Via Statistics Canada