Posted by: youngragingbull | June 7, 2013

Canadian Job Report

Canada’s economy had its best month for job creation in more than a decade last month, adding 95,000 new jobs, according to Statistics Canada.

A consensus of economists had been expecting Canada to create only about 15,000 jobs during the month.

The large gain pushed unemployment down a tenth of a percentage point to 7.1 percent.

The sector that gained the most was the construction industry, which added 42,700 new jobs during the month — almost half of the total.

Regionally, Ontario, Quebec and Alberta accounted for almost all of the gains, as four of the other seven provinces reported job losses last month. Every province from Manitoba eastward saw its jobless rate drop, while the three western provinces reported somewhat higher jobless rates.



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