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Mark Cashin Principal Broker

Mark Cashin

Principal Broker


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2010 Winston Park Drive, Suite 200, Oakville, Ontario

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Statistics Canada: Labour Force Survey, April 2024

5/17/2024

Employment increased by 90,000 (+0.4%) in April, and the unemployment rate was unchanged at 6.1%. The employment rate held steady at 61.4%, following six consecutive monthly declines.

In April, employment rose among core-aged men (25 to 54 years old) (+41,000; +0.6%) and women (+27,000; +0.4%) as well as for male youth aged 15 to 24 (+39,000; +2.8%). There were fewer women aged 55 and older employed (-16,000; -0.8%), while employment was little changed among men aged 55 and older and female youth (aged 15 to 24).

Employment gains in April were driven by part-time employment (+50,000; +1.4%).

Employment increased in April in professional, scientific and technical services (+26,000; +1.3%), accommodation and food services (+24,000; +2.2%), health care and social assistance (+17,000; +0.6%) and natural resources (+7,700; +2.3%), while it fell in utilities (-5,000; -3.1%).

Employment increased in Ontario (+25,000; +0.3%), British Columbia (+23,000; +0.8%), Quebec (+19,000 +0.4%) and New Brunswick (+7,800; +2.0%) in April. It was little changed in the other provinces.

Total hours worked rose 0.8% in April and were up 1.2% compared with 12 months earlier.

Average hourly wages among employees increased 4.7% (+$1.57 to $34.95) on a year-over-year basis in April, following growth of 5.1% in March (not seasonally adjusted).

In the spotlight: Over one in four workers (28.4%) have to come into work or connect to a work device at short notice at least several times a month.

https://www150.statcan.gc.ca/n1/daily-quotidien/240510/dq240510a-eng.htm

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