Published: Fri, July 06, 2018
Business | By Eloise Houston

Business hiring forges ahead in June, with 213,000 jobs added

Business hiring forges ahead in June, with 213,000 jobs added

Average hourly earnings are expected to have increased by 0.3% month-on-month and 2.8% compared to June 2017.

However, the labour participation rate suggests the city had the lowest rate of labour participation or people who are employed, in the country.

At the same time, the unemployment rate rose to 4 per cent from 3.8 per cent, the government said Friday, as more people began looking for a job and not all of them found one.

Manufacturers hired 36,000 workers in June, the most in six months, adding to the 19,000 jobs created in May.

The latest jobs figures arrived less than a week before the Bank of Canada's next interest-rate decision.

The moderate wage growth should allay fears of a strong build-up in inflation pressures.

Altogether, 285,000 new jobs have been added in the manufacturing sector in the past year.

Along with the 213,000 jobs added in June, the jobs numbers for April and May were also revised to include 37,000 additional new hires across those months, according to data released Friday by the Bureau of Labor Statistics. Over the past three months, the economy has produced a robust average monthly job gain of 211,000. Most economists say they still think the low unemployment rate will eventually force more employers to offer higher pay in order to fill jobs.

"A 32K rise in employment was refreshing news after a couple of weak months". Economists are forecasting that economic growth accelerated to an annual pace of roughly 4 per cent during the April-June quarter, about double the previous quarter's pace.

Economists have warned the tit-for-tat import tariffs could disrupt the supply chain, undermine business investment and raise prices for consumers, and wipe out the stimulus from a $1.5 trillion tax cut package that came into effect in January. The public sector gained 11,800 jobs and the private sector lost 2,000.

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