US EditionCanada sees modest job rise overshadowed by election hires
- In April 2025, Canada added a modest 7,400 net jobs, with significant losses in manufacturing and retail sectors amid national unemployment rising to 6.9%.
- Job losses stemmed largely from U.S. tariffs on steel, aluminum, and automobiles imposed starting in March 2025, which hit export-dependent industries like manufacturing hard.
- Public sector employment increased by 23,000 mainly due to temporary federal election hires, while average hourly wages for permanent employees grew 3.5%, steady since March.
- Senior economist Ali Jaffery noted that the latest data strengthens the argument for the Bank of Canada to implement a rate reduction in June, amid concerns over a deteriorating labor market and unemployment nearing 1.6 million.
- These data suggest the Canadian economy faces growing risks including slower hiring and accelerated layoffs, prompting expectations for a possible Bank of Canada interest rate reduction in June 2025.
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9 Articles
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Canada sees modest job rise overshadowed by election hires
Canada’s employment growth showed signs of persistent weakness in April, despite a modest increase of 7,400 jobs. Temporary federal election-related hiring significantly influenced this number, with public administration adding 37,000 jobs, a boost likely to vanish by May. The national unemployment rate climbed to 6.9%, marking its highest point since November 2024. Employment among core working-age Canadians (25-54 years old) continues to falte…
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CANADIAN UNEMPLOYMENT RATE HITS SIX-MONTH HIGH AMID US-IMPOSED TARIFFS
Sat 10 May 2025: Statistics Canada showed an unemployment rate of 6.9 percent, with most cuts in the manufacturing sector. Canada’s unemployment jumped to its highest level since November as United States President Donald Trump’s imposed tariffs affect the export-dependent economy. Statistics Canada showed a 0.2 percent increase for the month of April, bringing the country’s unemployment […]
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