Canada: Little Employment Growth Since August 2013

by The Daily Lede

08:33 AM EDT, 05/09/2014 (MidnightTrader) — Employment decreased by 29,000 in April, and the unemployment rate was unchanged at 6.9% as the number of people participating in the labour market edged down. There has been little overall employment growth in Canada since August 2013, Statistics Canada said Friday.

On a year-over-year basis, the number of people working rose by 0.8% or 149,000, evenly split between part-time and full-time work.

  • Participation level 66.1% vs 66.3% expected
  • Unemployment decreased by 29,000 in April unemployment rate unchanged at 6.9%
  • 28,900 jobs lost in April
  • Full time employment decreased to-30.9K vs 12.8K previously