Economy unexpectedly lost 28,900 jobs in April

Canadian economy suffers biggest employment drop since December 2013

OTTAWA — The latest labour-market data says the Canadian economy unexpectedly lost 28,900 net jobs in April, suffering its biggest employment drop since December 2013.

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 last time the Canadian economy saw such a drop was December 2013, when it lost 44,000 jobs.

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 showed that 30,900 full-time jobs were lost in April, compared with the addition of 2,000 positions in part-time employment.

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

The report found 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 biggest April loss struck the accommodation and food services industry, where 32,200 fewer people found work.

Employment in finance, insurance, real estate and leasing dropped by 19,400, while jobs were created for the second consecutive month in business, building and other support services, which saw an increase of 26,100.




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Economy unexpectedly lost 28,900 jobs in April

  1. “Economy unexpectedly…”

    sure, that’s like like saying my Car broke down, but, duh, was I supposed to keep it tuned ?, maybe change the oil, duh, … do I even care about my family driving in this car with me ? -duh?!

    This present Gov’t, (Harpo et Clowns) are ONLY in bed with (foreign, or domestic greedy) Corps,…, they couldn’t care less about us, and they will NEVER be resposible/accountable/,….
    Trust me, if you can LEAVE Canada, go to Europe, a socialist France, a Costa Rica, heck even Florida, ANTHING is better than this DYSFUNCTIONAL Canada these days.

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