Employment in Canada increased by 90,000 (+0.4%) in April, and the unemployment rate was unchanged at 6.1%. The employment rate held steady at 61.4%, following six consecutive monthly declines, reported Statistics Canada on Friday.

Alexander Suhorucov

In April, employment rose among core-aged men (25 to 54 years old) (+41,000; +0.6%) and women (+27,000; +0.4%) as well as for male youth aged 15 to 24 (+39,000; +2.8%). There were fewer women aged 55 and older employed (-16,000; -0.8%), while employment was little changed among men aged 55 and older and female youth (aged 15 to 24), said the federal agency.

“Employment gains in April were driven by part-time employment (+50,000; +1.4%). Employment increased in April in professional, scientific and technical services (+26,000; +1.3%), accommodation and food services (+24,000; +2.2%), health care and social assistance (+17,000; +0.6%) and natural resources (+7,700; +2.3%), while it fell in utilities (-5,000; -3.1%),” it said.

“Employment increased in Ontario (+25,000; +0.3%), British Columbia (+23,000; +0.8%), Quebec (+19,000 +0.4%) and New Brunswick (+7,800; +2.0%) in April. It was little changed in the other provinces. Total hours worked rose 0.8% in April and were up 1.2% compared with 12 months earlier. Average hourly wages among employees increased 4.7% (+$1.57 to $34.95) on a year-over-year basis in April, following growth of 5.1% in March (not seasonally adjusted).”

Statistics Canada said there were 1.3 million unemployed people in April, little changed from the previous month (+17,000; +1.3%). This follows a cumulative increase of 96,000 (+7.8%) in February and March. Compared with 12 months earlier, the number of unemployed people was up by 256,000 (+23.7%) in April.

The labour force participation rate—the proportion of the population aged 15 and older who were employed or looking for work—rose 0.1 percentage points to 65.4% in April. This was the first increase since June 2023, it added.

Unemployment rate by province and territory, April 2024

“After stalling in the prior month, employment growth returned and easily beat consensus expectations in April,” said Andrew Grantham, Senior Economist, CIBC Capital Markets. “The 90K increase was well above the 20K expected by the consensus, although further strong population growth and a tick up in labour force participation meant that the unemployment rate only held steady at 6.1%. Job growth during the month was led by professional & scientific, food & accommodation and health care, and overall employment gains were split fairly evenly between part-time (+50K) and full time (+40K). A 0.8% increase in hours worked, following a decline in March, suggests a potential bounce-back in monthly GDP in April. Wage growth eased broadly as expected to 4.8%, from 5.0% in the prior month. Overall, April’s labour force data were certainly better than expected, although the underlying trend remains one of loosening conditions with the unemployment rate still higher than it was at the start of the year and wage pressures beginning to ease.”

Mario Toneguzzi

Mario Toneguzzi is Managing Editor of Canada’s Podcast. He has more than 40 years of experience as a daily newspaper writer, columnist, and editor. He was named in 2021 as one of the Top 10 Business Journalists in the World by PR News – the only Canadian to make the list. He was also named by RETHINK to its global list of Top Retail Experts 2024.

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