Friday, November 28th2.3°C
24124
24058

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

23872


Recent Trending




Today's Market
S&P TSX14787.47-134.971
S&P CDNX739.22-16.18
DJIA17828.240.49
Nasdaq4791.63+4.312
S&P 5002067.56-5.27
CDN Dollar0.8749-0.0069
Gold1175.20-21.40
Oil66.15-7.54
Lumber329.40+1.40
Natural Gas4.295+0.144

 
Okanagan Companies
Pacific Safety0.145-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.30-0.04
Cantex0.04-0.005
Anavex Life Sciences0.1998+0.0288
Metalex Ventures0.045+0.005
Russel Metals29.93-0.77
Copper Mountain Mining1.94-0.18
Colorado Resources0.115-0.015
ReliaBrand Inc0.0134-0.0001
Sunrise Resources Ltd0.05+0.005
Mission Ready Services0.30-0.02

 
24130


24053

FEATURED Property
2114033220A 40 Kettle View Road
2 bedrooms 2 baths
$219,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Don't stop dreaming!

On Wednesday evening I drove through the Bow Valley in Alberta. It is my old home town... the first place Jackie and I moved to in 1988 when we emigrated. We ended up setting up home there and living...


Second marriage issues

It is not unusual that one or both of the parties planning to marry are approaching marriage for the second time. There are pluses and minuses to this new situation. On the plus side, individuals ente...


The last great Canadian tax shelter

A guide to how flow-through fund limited partnerships can mightily aid your tax planning!The end of the year will raise concerns among many professionals, self-employed persons, business owners and ev...

_



24119

24231


Member of BC Press Council


24228