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Canada adds 13,800 jobs in May; unemployment at 10-month low
Canada added far more jobs than expected in May, and the unemployment rate fell to a 10-month low, although that was due to fewer people looking for work, data from Statistics Canada showed on Friday. The increase of 13,800 positions last month topped economists' forecasts for a gain of just 3,800 jobs. The unemployment rate fell to 6.9 percent, exceeding expectations for it to hold at 7.1 percent. It was the lowest rate since July. Construction jobs rose by 18,600, and manufacturers added 12,200 positions. Analysts have been looking for a pickup in both sectors to offset the drag from the resource sector due to ... (full story)
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