Job growth in region while unemployment declines in April

By Brian Konrad

Statistics Canada says 3,800 jobs were added in London last month as the labour force rose by 2,200 and the number of people claiming unemployment fall by 1,600.

This is a key indicator monitored by the Bank of Canada ahead of its interest-rate decisions.

Provincially, the jobless rate didn't change and remained at 5.6%.

Statistic's Canada's report also showed a decrease of 13,600 positions in the public sector across the country and an increase of 28,000 private-sector jobs.

After four consecutive months of being on the rise, Victoria's unemployment rate dropped three-tenths of a per cent in April. It registered a year-over-year increase of 3.3 per cent in March and 3.1 per cent the month before.

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"There is nothing about this report that is going to cause the Bank of Canada to rush into a rate hike", said Andrew Kelvin, senior rates strategist at TD Securities.

The most recent reading of wage common was 2.3 per cent for the fourth quarter of previous year. The highest unemployment rate in B.C last month was recorded on the North Coast, where 8.1 percent of the labour force lacked a job. The agency said the economy produced around 28,800 full-time jobs while shedding around 30,000 part-time jobs.

Service sector positions increased by 4,000 year over year.

The goods-producing sector shed 15,900 positions, mostly in construction. Ontario has added 133,000 jobs over the past year, all of them full-time.

The youth unemployment rate increased in April to 11.1 per cent following a net gain of 17,700 new jobs. Services sectors, meanwhile, created 14,800 jobs following big increases in professional, scientific and technical services, as well as in accommodation and food services.

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