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Canada's jobless rate drops to 5.4%, lowest level in 43 years
Economy added almost 30,000 jobs in May
Pete Evans - CBC News
Posted: 11 Hours Ago
Last Updated: 9 Hours Ago
The Canadian economy added 27,700 jobs in May, enough to push the jobless rate down to 5.4 per cent — its lowest level since 1976.
Statistics Canada reported Friday the jobless rate dropped three ticks mainly because there were almost 50,000 fewer people looking for work. That, coupled with the jobs gain, was enough to push the rate to a more than 40-year low.
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May's job gain comes on the heels of 106,500 added in April, the best month for jobs on record.
The May number means Canada's economy has added 453,000 jobs in the past 12 months — an increase of 2.4 per cent, and the best 12-month stretch since 2003. It also surpassed the roughly 5,000 jobs that economists polled by Bloomberg were expecting for the month....
https://www.cbc.ca/amp/1.5166200Wow when conservatives predicted Trudeau would bring this country to new lows I bet this isn’t what they were expecting!
