Published May 8, 2026, 8:30 AM ET · Updated 6 months ago · 1 source
Canada Employment Fell by 17,700, Jobless Rate Climbs to 6.9%
bloomberg
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Original Report
INFERY
Canada's economy lost 17,700 jobs in April, and the unemployment rate rose to 6.9%, its highest in six months, as more people sought work. This marks the steepest four-month employment drop since January 2021, primarily in full-time positions. Job losses were concentrated in specific sectors, though partially offset by gains elsewhere. Robust wage growth was noted, but disparities persist across income levels.