Canada unexpectedly added 90,000 jobs in April, though unemployment stayed flat at 6.1%

Winnipeg entrepreneurs work in co-working space, TableSpace in Osborne Village.

The Canadian economy gained 90,000 jobs in April, much higher than many economists predicted. However, the unemployment rate stayed the same as the month prior according to the latest numbers from Statistics Canada.The Canadian economy gained 90,000 jobs in April, much higher than the average of 20,000 jobs many economists were predicting for the latest

There were more jobs in the professional, scientific and technical services industries. As well, employment for those aged 15 to 24 went up by 40,000 in April, the first monthly increase for that demographic since December 2022.However, the unemployment rate was unchanged from the month before, staying at 6.1 per cent. This is higher than a year ago.

More people are also actively employed or looking for work in Canada, with April's 0.1 per cent increase the first since June 2023. The Bank of Canada will be taking this data into account as it determines whether it will change interest rates in a decision next month.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CBCNews /  🏆 2. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Statistics Canada to release April jobs report FridayCanadian employers added 90,000 jobs in April, marking the largest employment gain in more than a year.
Read more »

Instant view: Canada adds over 90,000 jobs in April, topping estimatesExplore stories from Atlantic Canada.
Read more »

Instant view: Canada adds over 90,000 jobs in April, topping estimatesCanada's economy gained a net 90,400 jobs in April, both in full-time and part-time work, and the jobless rate held at 6.1%, Statistics Canada data showed on...
Read more »

Canada's labour market blows past expectations, adding 90k jobs in AprilThe employment gains were driven by an increase in part-time employment, the federal data agency said.
Read more »

Canada gains a net 90,400 jobs in April, jobless rate holds at 6.1%Explore stories from Atlantic Canada.
Read more »

Canada gains a net 90,400 jobs in April, jobless rate holds at 6.1%Explore stories from Atlantic Canada.
Read more »