Statistics
Canada reported on Friday that the number of employed people increased by 7,400
m-o-m in April (or 0.0 per cent m-o-m)
after an unrevised fall of 32,600 m-o-m
in March.
Economists had predicted
an advance of 2,500 m-o-m.
Meanwhile, Canada's
unemployment rate jumped to 6.9 per cent in March from
an unrevised 6.7 per cent in the previous month, slightly
exceeding economists’ forecast of 6.8 per cent. This marked the
lowest reading since November 2024 (6.9 per cent).
According to
the report, full-time employment rose by 31,500 (or +0.2 per cent m-o-m) in April, while part-time jobs declined by
24,200 (or -0.6 per cent m-o-m).
Over the month,
the number of public sector employees surged by
22,900 (or +0.5 per cent m-o-m), while the number of private sector employees dropped
by 26,800 (or -0.2 per cent m-o-m). At the
same time, the number of self-employed climbed by 11,200 (or +0.4 per cent m-o-m).
Sector-wise, employment
increased in the services-producing business (+40,300, or +0.2 per cent m-o-m)
but decreased in the goods-producing
industry (-33,000, or -0.8 per cent m-o-m).
The average hourly wages soared by 3.5
per cent y-o-y (or +CAD1.25) to CAD37.00 in April, the same pace as in March.