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News Link • Employment & Jobs

Canada Adds a Whopping 95,000 Jobs in May


Statistics Canada said Friday that the massive gain dropped the unemployment rate one-tenth of a point to 7.1 percent.

The impact on the unemployment rate would have been greater but for an almost as large increase in the number of Canadians looking for work.

All the new jobs came in the private sector and in the employee class, and 76,700 of them were full-time.

The Canadian dollar gained ground after the report, trading at 97.89 U.S. cents, up about four-tenths of a cent from Thursday's close and up more than a cent over two days.

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