Canadas labour market blows forecasts out of the water with 77000 new

OTTAWA — The labour market rode a surprisingly strong wave of new jobs last month as the country churned out 77,000 full-time positions, Statistics Canada said Friday.Overall, 54,400 jobs were added in May after accounting for declines in other categories including part-time work, the latest labour force survey says.The agency found that the national unemployment rate edged up to 6.6 per cent, a rise of 0.1 of a percentage point, as more people entered the job market in search of work.Top takeaways from what Canada’s blockbuster job numbers tell usTop takeaways from what the Bank of Canada said about risks to our financial securityThe fresh numbers added to several positive labour-market gains since the middle of 2016 and the report says the latest monthly number means overall employment was 1.8 per cent higher compared to a year earlier.By province, the agency says Ontario, British Columbia and Quebec saw the biggest job gains last month.Quebec’s unemployment rate dropped 0.6 percentage points to six per cent — its lowest level since Statistics Canada started collecting the data in 1976.A consensus of economists had expected job gains of 11,000 last month and for the unemployment rate to move up to 6.6 per cent, according to Thomson Reuters.Youth employment gave the overall number a boost as 38,200 more young people found full-time work last month. The unemployment rate for youth slipped 0.3 percentage points to 12 per cent last month as more young people participated in the job market.By industry, the services sectors gained 31,300 jobs last month while factories added 23,300 positions, including 25,300 more in manufacturing. In services, there was a gain of 25,900 jobs in the professional, scientific and technical services category.A closer look at the data also shows healthy gains in some of the survey’s more-desirable categories — with 59,400 new jobs created in the private sector and 68,500 new paid employee positions.The agency said hourly wages for all employees grew 1.3 per cent year-over-year last month, an increase over the April’s all-time low of 0.7 per cent. The number of hours worked rose 0.7 per cent, the report said. read more

Old Trafford bids an emotional farewell to Alex Ferguson

first_imgCredit: Genius FootballTHE MANCHESTER UNITED and Swansea players gave Alex Ferguson a guard of honour before the Scot’s final game in charge at Old Trafford, which the Premier League champions won 2-1 thanks to a late Rio Ferdinand goal.Credit: RDinHDThe fans were out in force to say goodbye.Credit: Martin Rickett/PA Wire/Press Association ImagesCredit: Mike Egerton/EMPICS SportThere was no place for Wayne Rooney in the match day squad, fuelling speculation that the striker will leave United at the end of the season.Credit: MUFCOFFICIALIt didn’t matter though, as Javier Hernandez put the home side in front six minutes before half-time.YouTube credit: LadsLifeTVAnd Ferguson celebrated with his famous fist-pumping followed by a frantic clap:Credit: Genius FootballHowever, Spanish striker Michu equalised with a brilliant volley on 49 minutes and threatened to spoil the party.YouTube credit: LadsLifeTVAnother legend calling it a day was Paul Scholes, who was given rapturous applause upon being substituted.Credit: 101GreatGoalsWith time running out, United found a winner from an unlikely source. A corner found its way to the back post where Rio Ferdinand smashed the ball home with three minutes on the clock. What an occasion for the defender to score his first goal in 5 years.YouTube credit: TheAllGoalsHDAfter the final whistle, he had a message for the fans.And lifting the trophy for the last time:Credit: Martin Rickett/PA Wire/Press Association ImagesSky Sports presenter loses his mind after stunning Watford breakaway goalLate Adebayor strike earns Spurs huge win at the Britannialast_img read more