RTTNews - Following gains in April, Canadian employment decreased by 42,000 in May, led by further manufacturing losses in Ontario, according to data released Friday by Statistics Canada.
The unemployment rate rose by 0.4 percentage points to 8.4%, the highest rate in 11 years. Since the employment peak of last October, employment has fallen by 363,000 or 2.1%
While there were pronounced losses in Ontario in May, employment increased in Manitoba, Nova Scotia and Saskatchewan, and was little changed in all other provinces.
In addition to manufacturing losses in May, transportation and warehousing also declined. Public administration was the only industry with a notable employment increase.
Employment declines in May affected mostly men and women aged 25 to 54, while there were employment increases among women aged 55 and over.
There were large declines in full-time employment (-59,000) in May, bringing total full-time losses since October to 406,000 (-2.9%). Over the same period, part-time employment has continued to trend up, increasing by 44,000 (+1.4%).
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