Businesses doing more hiring

BMO report shows full-time jobs up 32,900

The latest employment numbers released today show that Canadian businesses are doing more hiring, although the trend is expected to downshift before picking up again, according to BMO Capital Markets.

Canadian employment rose by 22,300 in May, up 1.6 per cent from a year ago.

“The solid May report is good news amid a run of downbeat economic data, such as weak U.S. employment growth, poor weather across much of the country and a big drop in auto production resulting from supply-chain issues,” said Robert Kavcic, Economist, BMO Capital Markets.”

Kavcic noted, however, that growth is likely to downshift substantially in the second quarter before picking up again in the second half of the year.

“Across the country, the outlook among business owners is cautious, but optimistic,” said Gail Cocker, Senior Vice-President, Commercial and Treasury Management, BMO Financial Group. “We are encouraged by the increasing number of firms willing and able to invest in their operations, whether it is hiring or upgrading equipment, to improve their productivity.”

Employment report:

Full time jobs were up 32,900 and private-sector employment added 37,100, offsetting a hefty drop in the public sector, although self-employment was up nearly 30,000.

By industry:

The public sector shed 44,300 jobs in the month, likely due to a falloff after the May 6th election, which likely contributed to the strong 20,600 pace of public hiring in April.

Manufacturing employment fell 22,500, the third consecutive monthly decline. Canadian auto production was cut nearly 17 per cent in April, and bounced back only a modest 2.5 per cent in May – the bulk of the manufacturing declines

(-15,500) were centered in auto-heavy Ontario. The notable gainers picking up the slack were trade (34,400), culture and recreation (14,500) and health care (14,100). Education was another weak spot, down 26,800.

By region:

Ontario was the biggest weak spot, giving back 16,100 of the hefty 54,800 increase in jobs seen in the prior month. Manufacturing dropped by more than 15,000 as the auto sector clearly had an impact.

Modest declines were also seen in Newfoundland (-2,700) and New Brunswick (-1,400), while all other provinces saw job growth in the month.

Quebec led the charge with a 24,800 advance.

The jobless rate performance was mixed across the country, with B.C., Alberta and Quebec seeing the largest declines, while Ontario held steady at 7.9 per cent despite the drop in manufacturing jobs.

There was a noticeable divide between jobless rates in the Prairies and the rest of Canada: Alberta (5.4 per cent), Saskatchewan (5.0 per cent) and Manitoba (5.3 per cent), while the next lowest jobless rate is the 7.6 per cent found in British Columbia.

 

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

South Surrey banner drop marks Global Day of Action

Fridays for Future effort targeted four city overpasses

Bellingham boater fined $1,000 for violation of Quarantine Act

49-year-old man entered Canada to visit girlfriend in Surrey

Surrey shootings ends city’s hiatus from violence since outset of pandemic

So far this year there have been 24 shootings in Surrey. There were 45 in 2019

Surrey’s Johnston Heights reporting COVID-19 exposure

Fraser Health has created a new webpage listing COVID-19 cases in schools

UPDATE: NDP asks Elections BC to investigate Liberal voter fraud allegations in Surrey-Fleetwood

Liberal MLA candidate for Surrey-Fleetwood Garry Thind issued a written statement Wednesday afternoon

B.C. counts 125 new COVID-19 cases, up to 1,284 active

No new deaths or health care facility outbreaks

Health Canada green-lights rapid COVID-19 test

Health Canada approved the BCube test from Hyris Ltd. in the United Kingdom Sept. 23

FINLAYSON: COVID-related job losses concentrated in urban areas… especially Metro Vancouver

The biggest job losses, in absolute terms, have been in Metro Vancouver

Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

6 puppies rescued in mass seizure on Princeton farm die from illness: BC SPCA

Of the 97 distressed horses, cats and dogs seized, most of the puppies suffered from parvo

Action demanded over death of First Nations youth in Abbotsford group home

Family and Indigenous organizations push for thorough investigation

More sex abuse charges laid against B.C. man who went by ‘Doctor Ray Gaglardi’

Investigators now focussing efforts on alleged victims within the Glad Tidings Church community

B.C. VOTES 2020: Businesses now owe $6 billion in deferred tax payments

COVID-19 relief from remittance to province ends with September

Most Read