Canada | Best two-month employment gain in three decades

Employment increased by 58,000 in April, mostly in full-time work. This was the second consecutive month of notable gains after four months of little change. With more people searching for work, the unemployment rate increased by 0.1 percentage points to 7.3%.

Compared with 12 months earlier, employment was up 1.2% or 214,000. All of the growth over the 12 months was in full-time work, up 217,000 (+1.6%), while part-time employment was unchanged. The total number of hours worked rose 1.5% over the same period.

Employment

Unemployment Rate

via Labour Force Survey, April 2012.

Canada has best two-month jobs gain in 30 years as 58,200 added in April 

Canada booked its best two-month employment gain in three decades with news Friday that the economy churned out 58,200 new jobs in April, the strongest signal in some time the economic recovery may be coming out of a mid-winter stall.

The report was far stronger than anyone anticipated with Canadians able to find net new jobs in seven provinces across the country, many full-time and in the high-paying manufacturing, construction and resource industries.

Combined with March’s 82,300 jobs number, the 140,500 total is the best two-month employment performance the country has seen since 1981.

While welcoming another strong report, politicians and economists invoked caution about what the job creation numbers mean for the economy going forward.

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Read More @ Canada has best two-month jobs gain in 30 years as 58,200 added in April | CanadianBusiness.com.