US EditionEconomy adds 7,400 jobs in April as unemployment rate rises to 6.9%
- Statistics Canada indicated that April saw a net increase of 7,400 jobs across the country, yet the national unemployment rate still climbed to 6.9 percent.
- The rise followed a decline in manufacturing jobs, largely due to U.S. Tariffs imposed in March on steel, aluminum, and autos, affecting trade-dependent regions.
- Ontario experienced the largest job losses with 35,000 fewer positions, mainly in manufacturing, while Windsor's unemployment rate jumped to 10.7 percent amid tariff-related uncertainty.
- BMO chief economist Douglas Porter described the report as "a weak report" and noted it increases the chances of a quarter-point interest rate cut by the Bank of Canada in June.
- The data suggest the trade conflict is harming the labor market, causing employers to hire more slowly than population growth and driving job losses in export-reliant sectors.
59 Articles
59 Articles
Northumberland News
Ontario’s unemployment rate ticked up in April with significant job losses in manufacturing sector
As expected with ongoing tariff threats from the United States, employment rates fell in the manufacturing sector, with 33,000 Ontario residents reporting job loss.
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Metro Kelowna’s unemployment rate skyrocketed in April, leaping more than a percentage point from March and landing at 6.9%—the region’s highest jobless rate since February 2022, when it checked in at
Canada’s Industrial Sector Hit Hard by April Job Losses
Canada’s manufacturing sector suffered a major setback in April, with Statistics Canada reporting a loss of 31,000 jobs in the industry. The national unemployment rate also rose sharply to 6.9%. This marks the highest jobless rate since November and signals that U.S. tariffs are now directly impacting Canada’s export-driven industries. The job losses concentrated in […]
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