Unemployment in Canada hits a new record low

There was good news for Canadian workers in this morning’s Labour Force Survey from Statistics Canada. This country’s economy added 27,700 last month, which dropped the national unemployment rate down to 5.4 per cent — the lowest ever recorded since comparable data became available in 1976.

Year over year, Canada has gained 453,000 jobs or a 2.4 per cent gain in employment, with increases in both full-time (+299,000) and part-time (+154,000) employment.

May’s positive jobs report follows the record-breaking gains in employment we saw last month.

In New Brunswick, employment grew by 3,000 new jobs in May, as full-time gains more than offset declines in part-time employment. The province gained 5,700 full-time jobs while there were 2,700 fewer people working part-time. The unemployment rate dropped by 0.8 per cent to 7.2.

Along with New Brunswick, Ontario, British Columbia and Nova Scotia also saw increases in employment in May. There were fewer people working in Newfoundland and Labrador and Prince Edward Island.

Here’s a look at the unemployment rates by province (along with jobs available right now on CareerBeacon)

Newfoundland and Labrador 12.4 per cent
[View jobs in NL]

Prince Edward Island 9.0 per cent
[Jobs in PEI]

Nova Scotia 6.5 per cent
[Jobs in Nova Scotia]

New Brunswick 7.2 per cent
[Available jobs in New Brunswick]

Quebec 5.0 per cent
[See jobs in Quebec]

Ontario 5.2 per cent
[Job opportunities in Ontario]

Manitoba 5.0 per cent
[Jobs in Manitoba]

Saskatchewan 5.2 per cent
[Jobs in Saskatchewan]

Alberta 6.7 per cent
[Available jobs in Alberta]

British Columbia 4.3 per cent
[See jobs in B.C.]

You can see read a detailed report from Statistics Canada here.

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