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New Brunswick loses 3,900 jobs in April, labour force report shows

13 May 2019

Canada's unemployment rate dropped to 5.7 percent in April, in line with the rise in job-creation, compared to a 5.8 percent jobless rate the previous month.

Total hours worked climbed 0.4 per cent in April, but that's only up 1.3 per cent over previous year.

"It was kind of a 'wow.' Pretty great job numbers", said Dawn Desjardins, deputy chief economist at Royal Bank of Canada. "And that plan is working - over 1,000,000 Canadians now have jobs compared to four years ago".

Statistics Canada noted the private sector largely drove the increase, employing an additional 84,000 Canadians. These figures reflect improved investor confidence in the Canadian economy in the wake of the jobs report, which is poised to drive the influx of capital and GDP growth as well.

According to the numbers, unadjusted data for Medicine Hat show an unemployment rate of 13 per cent, up from 11 per cent in March.

Job gains were spread across several industries: wholesale and retail trade; construction; information, culture and recreation; "other services"; public administration; and agriculture.

Employment had increased in Ontario, Quebec, Alberta, and Prince Edward Island, while a decline in New Brunswick was observed. The unemployment rate was little changed in April at 6.0% as more people participated in the labour market.

On a year-over-year basis, employment grew by 426,000 (2.3%), with gains in both full-time (248,000) and part-time (179,000) work, states the Stats Canada report.

"We are putting Ontario back on track", he said.

But at the same time the Ford government is promoting today's numbers, its suggestion that the federal carbon tax would be "job-killing" appears to have not come to pass.

Furthermore, the unemployment edged lower despite over 100k joining the labour force, which help push the participation rate 0.2pp higher to 65.9% for the first time in two years.

Analysts had warned as recently as last month that Canada ran the risk of falling into a recession amid a flawless storm of negative factors - falling oil prices, volatile financial markets, higher interest rates, cooling housing markets and global trade tensions.

The Bank of Canada has blamed the deceleration on temporary factors and is predicting the economy to pick up its pace as 2019 progresses.

New Brunswick loses 3,900 jobs in April, labour force report shows