7500 jobs lost in May, StatsCan says

The unemployment rate for men in this age group held steady at 5 per cent, while it increased by 0.2 percentage points to 4.9 for women.

Canada shed 7,500 jobs last month on the back on full-time employment, as this was only partially offset by an uptick in part-time employment.

Unemployment in Northeast B.C. jumped to 7.9 per cent in May, according to Statistics Canada's latest labour force survey.

Despite the drop, the city has the fourth highest unemployment rate in Canada.

Statscan says Victoria had the lowest unemployment rate among major B-C centres last month, dipping to 3.9 per cent from 4.2 per cent in April while the number of people looking for work in Kelowna edged up to an even five per cent from 4.8 per cent the month earlier.

"The may employment report was slightly disastrous, but the decline shows that the labor market is in quite a predicament due to the growing pressure on wages", - said in a brief analysis, a senior economist at the Bank of Montreal's Robert Kavcic.

The unemployment rate in May was 5.9 per cent, compared to 5.5 per cent in April. In terms of employment types, the public sector added 12.9 k jobs, while private employment fell 4.8k.

Those numbers were offset by an increase in part-time job creation, leaving Canada's unemployment rate unchanged at 5.8 per cent. On a sector basis, goods-producing industries led the way down, with an 18,300 decline in manufacturing jobs and a 13,000 drop in construction.

On the contrary, the service-sector continued to add jobs, with notable gains in accommodation and food services, and professional services.

Regionally, Prince Edward Island added 800 jobs for the month, while employment in B.C. fell by 12,000 for the month.

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