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Job growth: Do you see signs of rising employment?
- June 4, 2010 10:31 AM |
- By POV
The Canadian economy added 24,700 jobs in May, a robust showing after a massive increase in the previous month.
Economists had expected a more modest increase of 15,000, particularly following April's oversized gain of 108,000.
Despite the increase, the unemployment rate stayed unchanged at 8.1 per cent, Statistics Canada said Friday. That's largely because of growth in the labour force overall, BMO economist Benjamin Reitzes noted.
Several underlying factors in the May numbers pointed to a labour market that is returning to health quickly after the 2008-09 recession. Since the market started improving in July 2009, employment has risen by 1.8 per cent or 310,000.
Read more:
Job growth: Are you seeing signs of it where you live? Tell us about it. Take our poll.
Economists had expected a more modest increase of 15,000, particularly following April's oversized gain of 108,000.
Despite the increase, the unemployment rate stayed unchanged at 8.1 per cent, Statistics Canada said Friday. That's largely because of growth in the labour force overall, BMO economist Benjamin Reitzes noted.
Several underlying factors in the May numbers pointed to a labour market that is returning to health quickly after the 2008-09 recession. Since the market started improving in July 2009, employment has risen by 1.8 per cent or 310,000.
Read more:
Job growth: Are you seeing signs of it where you live? Tell us about it. Take our poll.
(This poll is not scientific. It is based on readers' votes.)
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