Canada Adds a Whopping 95,000 Jobs in May

TORONTO (AP) -- Canada's economy pumped out a whopping 95,000 new jobs in May in the biggest month of employment growth in more than a decade.

Statistics Canada said Friday that the massive gain dropped the unemployment rate one-tenth of a point to 7.1 percent.

The impact on the unemployment rate would have been greater but for an almost as large increase in the number of Canadians looking for work.

All the new jobs came in the private sector and in the employee class, and 76,700 of them were full-time.

The Canadian dollar gained ground after the report, trading at 97.89 U.S. cents, up about four-tenths of a cent from Thursday's close and up more than a cent over two days.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2477601, ~/Articles/ArticleHandler.aspx, 9/23/2014 4:32:30 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement