Business
Canada added almost 40,000 jobs in May, pushing jobless rate down to record-low 5.1%

Canada added almost 40,000 jobs in May, pushing jobless rate down to record-low 5.1%

Canada’s economy added 39,800 jobs last month, as a surge in hiring for full-time work pushed the jobless rate down to its lowest rate on record, 5.1 per cent.

Statistics Canada reported Friday that more than 135,000 people found full-time work during the month. That more than offset a decline of 96,000 part-time positions.

The jobless rate inched down for the third month in a row, settling at the lowest point it’s been since comparable record-keeping began in 1976.

More to come.

Leave a Reply

Your email address will not be published. Required fields are marked *