Employment in manufacturing edges up in May
Ottawa, ON -- Employment in Canada rose for the second consecutive month with a gain of 56,000 in May 2004, accordi...
Ottawa, ON — Employment in Canada rose for the second consecutive month with a gain of 56,000 in May 2004, according to Statistics Canada’s latest Labour Force Survey.
Despite a pause during the first quarter of 2004, May’s increase in employment brings job gains since August 2003, when the recent upward trend began, to 291,000 (+1.9%). The unemployment rate declined in May by 0.1 percentage points to 7.2%, the lowest rate since July 2001.
The employment gain in May was concentrated in full-time work (+37,000). Since August 2003, full-time employment has grown by 315,000 (+2.5%) while part-time employment has declined by 24,000 (-0.8%). Weakness in part-time employment was concentrated in the first quarter of this year.
Hours worked increased by 2.6% in May, more than offsetting a decline in April. Continued strength in full-time employment has pushed the number of hours worked up 4.7% since last August.
In May, employment in manufacturing edged up 12,000, continuing a period of little change that began during the fall of 2003. However, employment in manufacturing has not recovered the losses incurred between November 2002 and September 2003.
The published estimates are not seasonally adjusted, therefore comparisons can only be made on a year-over-year basis.