Canada creates 54,900 part-time jobs in May, jobless rate rises

by The Daily Lede


Image
May Employment Report
=-----------------------------------------=--=--=--=--=--==
                       May     April      ! Consensus:    !
Net Jobs             +25,800   -28,900    ! +25,000 jobs  !
Unemployment Rate      7.0%      6.9%     !Jobless Rate   !
                                          !   6.9%        !
- Full-Time Jobs     -29,100   -30,900    !Actual:+25,800 !
- Part-Time Jobs     +54,900   + 2,000    !Jobless rate   !
                                          !   7.0%        !
=-----------------------------------------=--=--=--=--=--==

By Nirmala Menon

OTTAWA–Canada’s employers hired the largest number of part-time workers in almost four years in May, which helped the country’s overall employment recover most of the prior month’s losses. But an influx of job seekers into the labor force drove the jobless rate up unexpectedly.

The economy added 25,800 net new jobs after a 28,900 decline in April and the unemployment rate climbed for the first time in three months, to 7% from 6.9%, Statistics Canada said Friday.

The job gains almost matched the consensus call for an increase of 25,000, whereas the jobless rate had been expected to stay unchanged, according to a report from Royal Bank of Canada.

Some details of the report were not as strong as the headline figure suggested. Job gains were boosted by the addition of 54,900 part-time workers, the most since July 2010. Part-time employment was up 3.4% over the last 12 months, and was responsible for the overall 0.5% job growth in that period.

Full-time jobs declined 29,100 last month and was down 0.2% over the last year.

Write to Nirmala Menon at nirmala.menon@wsj.com

  (END) Dow Jones Newswires
  06-06-14 0830ET
  Copyright (c) 2014 Dow Jones & Company, Inc.
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