Canada’s Jobless Rate Ticks Up to 6.9 percent, Sheds 18,000 Jobs in April

Statistics Canada’s labour force survey on Friday showed a slight drop in jobs in April as the unemployment rate climbed higher.

 

The agency said the economy shed 18,000 jobs in April, following an increase of 14,000 jobs in March.

 

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The loss came as the unemployment rate rose to 6.9 per cent compared with 6.7 per cent in March, returning to where it was in October last year, largely because more people were looking for work.

 

 

Economists had expected the economy to add jobs in April and for the unemployment rate to hold steady.

 

While Canada added 67,000 more jobs on a year-over-year basis, the country has lost 112,000 jobs since January, mostly in the manufacturing and wholesale sectors.

 

The last time Canada lost so many jobs in a four-month window was from October 2020 to January 2021— during the pandemic. In non-pandemic times, you’d have to go back to 2009 when Canada lost 241,000 jobs in a four-month span.

 

Ontario added 42,000 jobs in April, largely in health care and social assistance, but that was offset by a 43,000-job loss in Quebec in the wholesale and retail trade sectors.

 

Statistics Canada also said on Friday that average hourly wages were up 4.5 per cent from a year ago.

 

 

 

 

 

 

This article was first reported by The Canadian Press

The Canadian Press