Posted by: youngragingbull | May 11, 2013

Canadian Job Report

Canada’s economy added a modest 12,500 jobs in April, as more Canadians entered full-time work, which helped hold the unemployment steady at 7.2% according to data released Friday by Statistics Canada.

Economists had predicted a gain of about 15,000 jobs in April, following a dismal drop the month before. The country had unexpectedly lost 54,500 jobs in March, making it the worst month for Canadian employment since before the last recession, in February 2009.

April job gains were attributed to an increase in full-time employment across the country. Full-time jobs grew by 36,000, while part-time positions fell by 23,000.

About 34,200 public sector jobs were created last month, despite government cutbacks. The public sector has been a jobs generator since April 2012, adding about 93,500 new jobs, compared to just 10,000 in private industries.

Manufacturing work increased by 21,000 last month, the first time the sector has added jobs since last June, Statistics Canada said.

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