Unemployment drops in Victoria, climbs in BC, Stats Canada

The latest labour survey from Statistics Canada shows New Brunswick gained 2,100 full-time jobs but lost 1,000 part-time jobs

The latest labour survey from Statistics Canada shows New Brunswick gained 2,100 full-time jobs but lost 1,000 part-time jobs

Wage growth grew faster than expected, by 3.3%.

Adjusted to US concepts, the unemployment rate in Canada was 4.9 per cent in April, compared with 3.9 per cent in the United States.

The Canadian economy unexpectedly shed jobs in April on the back of a drop in part-time positions, bolstering bets that the Bank of Canada will hold interest rates steady when its policy makers meet later this month. The bank's next rate decision is scheduled for May 30.

The community with the worst unemployment rate in Ontario for April was Barrie, where the figure reached 8.4 per cent - 5 per cent higher than it was in December.

Still, economists said the details of the report were encouraging, with full-time jobs rising and an acceleration in wage growth supporting expectations of another rate increase in July.

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The drop in the rate reflected the addition of 8,000 net new jobs while the labour force, which includes people looking for work, increased by a comparatively modest 4,500. Thomas jobless rate has fallen below six per cent for the first time since last fall.

Statistics Canada Labour Market Analyst Vincent Ferrao says it was 8.8 per cent last month, compared to 8.5 per cent the same time previous year.

The economy also created nearly 29 thousand full time jobs, while 30 thousand part time jobs were lost in April.

The vast majority of the new jobs were created on the Ottawa side of the river where employment increased by 6,600 compared to a net gain of 1,300 in Gatineau.

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