Tuesday, September 2nd15.9°C
22736
22805

NewsAlert: Economy loses 28,900 jobs, unemployment rate stays at 6.9 per cent

OTTAWA - The latest labour-market data says the Canadian economy unexpectedly lost 28,900 net jobs in April.

Statistics Canada's Labour Force Survey found the unemployment rate remained at 6.9 per cent for the second straight month, suggesting that some Canadians had given up looking for work.

Economists had anticipated an increase of 12,000 jobs for April, according to Thomson Reuters.

The April job losses follow a gain of 42,900 net new jobs in March — which means 14,000 jobs were added over the two-month period.

The report also shows 30,900 full-time jobs were lost in April, compared with 2,000 new positions in part-time employment.

The Statistics Canada data says the employment losses struck Quebec, New Brunswick, Newfoundland and Labrador and Prince Edward Island.

The report says there were 27,100 fewer jobs held by young Canadians aged 15-24, while the youth unemployment rate stayed put at 13.4 per cent.

The Canadian Press


Read more Business News

22819


Recent Trending




Today's Market
S&P TSX15593.00-32.73
S&P CDNX1014.00-9.99
DJIA17029.64-68.81
Nasdaq4580.026-0.246
S&P 5001996.38-6.99
CDN Dollar0.9154-0.004
Gold1287.40-3.30
Oil95.96+1.29
Lumber349.80+1.40
Natural Gas4.116+0.014

 
Okanagan Companies
Pacific Safety0.20+0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.190.00
Cantex0.08+0.01
Anavex Life Sciences0.250.00
Metalex Ventures0.07-0.005
Russel Metals36.42-0.06
Copper Mountain Mining2.91-0.02
Colorado Resources0.17-0.01
ReliaBrand Inc0.10+0.001
Sunrise Resources Ltd0.0250.00
Mission Ready Services0.225-0.02

 



22253

FEATURED Property
2038037950 Purcell Drive
3 bedrooms 3 baths
$599,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Manage your behaviour

You can’t manage what you can’t control! You can’t manage the number of sales you’re going to make but you can manage the behaviour that will help you make those sales. Obvious...


At the Core: Lessons in pricing from Apple

Apple has taught many entrepreneurs the importance of design, how to create buzz when introducing new products to the marketplace, how to pioneer new technology and the importance of superior quality....


New Real Estate Brokerage in town

Move over “big guys” there’s a new brokerage in town featuring local expertise, long standing experience and a fresh boutique approach. Kelowna, August 31 2014 – You may have...

_



22692

22692


Member of BC Press Council


22810