"Canada's unemployment rate rose to a six-month high in April to 6.9 per cent as the economy lost a net of 17,700 jobs in March, Statistics Canada data showed on Friday, indicating a continued weakness in the labour market, which has struggled in the face of U.S tariffs and trade uncertainty."
"The job losses were completely concentrated in full-time jobs, which lost a net of 46,700 people, offset only by a gain of 29,000 jobs in the part-time sector. The net overall decline in employment over the first four months of 2026 was concentrated in full-time work, which fell by 111,000 between January and April, according to Statistics Canada."
"Average hourly wages of permanent employees, a metric closely tracked by the Bank of Canada to gauge rise in inflation expectations, grew 4.8 per cent from a year earlier, versus 5.1 per cent in March. The participation rate the portion of the population over the age of 15 that is economically active edged up to 65 per cent in April from 64.9 per cent in the prior month, Statistics Canada said."
"The goods-producing sector, which is the most exposed to U.S. tariffs, saw employment drop by 26,800 jobs in April, while the services sector, where four out of every five people are employed in Canada, reported a 9,100 job gain."
Canada’s unemployment rate increased to 6.9% in April, reaching a six-month high. Employment declined by a net 17,700 jobs in March, with losses concentrated entirely in full-time positions. Full-time employment fell by 46,700, offset by a gain of 29,000 in part-time work. Over the first four months of 2026, employment declines were concentrated in full-time work, falling by 111,000 from January to April. Average hourly wages for permanent employees rose 4.8% year over year, down from 5.1% in March. The participation rate edged up to 65.0%, while unemployment rose for ages 25 to 54 and for youth. Goods-producing employment fell, while services employment increased.
#canada-labor-market #unemployment-rate #employment-by-full-timepart-time #wages-and-participation-rate #us-tariffs-impact
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