Jobs growth figure higher than expected
While labour market growth was flat in April, the federal government has posted a revised 3 per cent year-on-year growth rate for March. However, the rate pos여수출장안마ted by Canada’s big five manufacturing groups – those that create 50 per cent or more of the jobs created each year – hit a new low.
Canada’s biggest manufacturing companies added 29,000 jobs in April – the slowest pace since March 2013. The sector added a further 11,700 jobs in Februar슬롯 사이트y and 9,700 jobs in January.
Meanwhile, employment rose modestly in April to 3.7 million, the smallest quarterly gain since July 2012. It’s a new low since February, when the industry reported a total of 3.9 million jobs.
It’s the first time the federal government has revised the March employment figures by more than 1.5 million for more than a yea라이브 카지노r.
The sector lost 26,100 jobs in April. The sector’s overall employment rate fell 2.5 percentage points to 64.8 per cent during the month.
«The weak labour market was due to continued weakness in the U.S. dollar, and continuing weak hiring,» said CMI Economics senior economist James Roark. «These two factors must be addressed to restore the strength of the Canadian labour market to its recent peak.»
«These positive data also confirm that the sector’s recent weakness is a one-off aberration,» he said. «They could be a sign of ongoing robust labour market performance as the recovery continues to take hold.»