This May, Canada’s labour force received a boost of 58,900 additional jobs due to a surge in private-sector work.
Statistics Canada’s latest job-market report also notes that May’s unemployment rate remained locked at 6.8 per cent for the fourth straight month, while the youth unemployment rate fell to 13.2 per cent from April’s rate of 13.6 per cent.
This report also noted that 19,100 public sector jobs were lost that month, the number of full-time jobs climbed by 30,900 and part-time positions rose by 27,900. This overall net increase in jobs surpassed economists’ expectations and offset April’s loss of 19,700 positions.
This survey provides a fresh reading on Canada’s second-quarter economic data, which is under especially close scrutiny after the economy contracted in the first three months of the year. CJ
Author: Canadian Jeweller Magazine Staff
Canadian Jeweller Magazine Staff is the shared byline for reporting filed by the magazine's editorial desk. Founded in 1879, Canadian Jeweller is the longest running jewellery business publication in Canada, covering market reporting, retail strategy, watches, diamonds, coloured gemstones and the commerce of the Canadian jewellery trade. Work published under this byline is edited and verified by the Canadian Jeweller editorial team in Toronto.
