Economy

Economic Commentary

Economic Calendar

Global Economies

Global Economic Calendar

Job Creation Rolls on in Canada

The country continued on its journey back to work last month.

Figures released Friday morning by Statistics Canada showed this country's economy added a net 55,000 jobs in May, blowing past expectations with a surge in full-time work.

The agency reported the economy added 77,000 full-time jobs during the month, but that was offset by a loss of just over 22,000 part-time positions.

Almost all of the new jobs came in the private sector, while self-employment and the public sector were little changed. Economists had been expecting the economy to add only about 15,000 jobs during the month.

The unemployment rate ticked up to 6.6%, as more people entered the job market.

The manufacturing sector added 25,000 new jobs, while the finance, insurance and real estate sector lost 17,000. Health-care added about 15,000 jobs, while the information, culture and recreation sector lost about the same amount.

Ontario, British Columbia and Quebec led the way in hiring, adding 47,000 new jobs.