#GlobalNews: “Canadian financial system shed 31Okay full-time jobs in May – National ” #Toronto #Montreal #Calgary #Ottawa #Canada
The financial system misplaced 7,500 jobs in May as a drop in full-time employment was solely partially offset by a rise in part-time jobs, Statistics Canada stated Friday.
The total drop within the variety of jobs got here as full-time jobs fell by 31,000, offset partially by a achieve of 23,600 part-time positions. The lack of jobs got here because the well being care and social help sector misplaced 24,000 jobs, whereas the manufacturing sector misplaced 18,000. Employment in development fell 13,000.
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Sectors gaining jobs included the lodging and meals providers sector which added 18,000 jobs, helped by progress in British Columbia. The skilled, scientific and technical providers sector added 17,000 an transportation and warehousing added 12,000.
Despite the online lack of jobs, May marked the fourth consecutive month that the unemployment fee remained at 5.eight per cent, a 40-year low. Still, the one cause why the jobless quantity held regular was a dip within the labour drive participation fee, which declined one tick to declined one tick to 65.Three per cent. Only Canadians who’re actively searching for a employment are formally counted as unemployed.
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Average hourly wages, a key indicator watched by the Bank of Canada, elevated 3.9 per cent in contrast with a 12 months in the past, the month-to-month studying’s largest annual improve since April 2009.
Regionally, Prince Edward Island added 800 jobs for the month, whereas employment in B.C. fell by 12,000 for the month. In Quebec, a drop in full-time work was offset by a achieve in part-time to depart the province little modified for the month.
Statistics Canada says there was nearly no change within the variety of individuals working in Ontario. On a year-over-year foundation, total employment was up by 238,000 jobs or 1.Three per cent, as a result of beneficial properties in full-time work.
– With a file from Erica Alini, Global News
Note: “Previously Published on: 2018-06-08 09:33:24, as ‘Canadian financial system shed 31Okay full-time jobs in May – National