Canadian Unemployment Falls to 7.4% in May

Canadian employment rose by 22,000 in May, bringing gains over the previous 12 months to 273,000 (+1.6%). The employment increase in May, combined with a decline in the number of people looking for work, pushed the unemployment rate down 0.2 percentage points to 7.4%.

Employment gains were in retail and wholesale trade as well as in information, culture and recreation, while there were declines in educational services and manufacturing.

The number of private sector employees and self-employed workers rose in May. At the same time, there were declines among public sector employees.

Full-time employment increased by 33,000 in May. Over the past 12 months, full-time employment rose by 224,000 (+1.6%) while part time was up 50,000 (+1.5%).

Employment was up mainly among men aged 25 to 54, while it changed little among the other demographic groups.

Employment increased in Quebec, Alberta and Saskatchewan in May. At the same time, employment declined in Newfoundland and Labrador, while there was little change in the remaining provinces.

Canadian Unemployment Falls to 7.4% in May, Statistics Canada
6/10/2011 1:07:10 PM