trending Market Intelligence /marketintelligence/en/news-insights/trending/pdsivdrzuv3dnd9qsnl3dg2 content esgSubNav
In This List

Canada's jobless rate holds steady at 5.8% in April


Japan M&A By the Numbers: Q4 2023


Banking Essentials Newsletter: 7th February Edition


Insurance Underwriting Transformed How Insurers Can Harness Probability of Default Models for Smarter Credit Decisions

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations

Canada's jobless rate holds steady at 5.8% in April

Canada's unemployment rate came in steady at 5.8% in April, while employment was unchanged from the previous month at a seasonally adjusted 18.6 million, Canada's statistical agency said.

Employment in professional, scientific and technical services climbed by 21,000 in April, while the number of workers in accommodation and food services rose by 17,000, according to Statistics Canada.

The wholesale and retail trade, and construction industries, reported employment declines of 22,000 and 19,000, respectively, in April. Employment in public and private sectors changed little.

The agency said employment was stable in most provinces, with Manitoba and Nova Scotia reporting gains.

The number of employed Canadians aged 25 to 54 rose 29,000 in April, driven by a gain among women, while employment for youths aged 15 to 24 dropped by 23,000.

Year over year, employment grew by 278,000 due to gains in full-time employment.