Canada had a productive April in terms of Employment, posting the largest one-month gain on net jobs on record. The unexpected jump in employment far surpassed a widely forecasted increase of 10,000 net jobs and helped push Canada’s unemployment rate of 5.7 percent, down slightly from 5.8 in March. Of the net jobs in April 73,000 were full time and the majority of the gains, 84,000- occurred in the private sector. This means that the employment rose for youths aged 15-24, people aged 55 and older and the increase has reflected the fact that the Canadian economy is pulling in new workers; immigrants and those 24 and younger. Employment rose by 107,000 in April, with notable gains in many provinces in Canada.
Brian DePratto, the senior economist in Toronto Dominion Bank, stated that “Nearly every indicator of quality came in strong this month: the best ever gains came with solid full-time job growth, all in employees, in turn, more Canadians were drawn into the labor markets and the wages were up”.
Employment gains were spread across several industries; Wholesale and Retail, Construction, Information, Culture, and Recreation, Public Administration and Agriculture. The time to harness economic opportunities is now, don’t miss out on this medium of exploring a wide range of possibilities, employment security guaranteed.
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