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May Canada Job Report 2014 – Employment up by 26,000 but UR increased to 7.0%

Employment edged up by 26,000 in May, driven by gains in part-time work. The unemployment rate increased 0.1 percentage points to 7.0% as there were more people in the labour market. Overall employment growth has been subdued since August 2013.

In the 12 months to May, employment increased by 86,000 or 0.5%, with all the growth in part time. Over the same period, the number of hours worked was little changed.

Chart 1 Employment

Provincially, employment increased in Alberta, while it declined in Newfoundland and Labrador. There was little overall employment change in all other provinces.

Chart 2 Unemployment

More youths working in May

The number of youths aged 15 to 24 who were working increased by 49,000, bringing their employment to a level similar to that of May 2013. The youth unemployment rate was 13.3%, little changed from the previous month and from 12 months earlier.

Chosen excerpts by Job Market Monitor. Read the whole story at  The Daily — Labour Force Survey, May 2014.

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