Hourly wages expanded by 0.7 per cent in April, the slowest year-over-year growth since the federal agency started collecting that data in January 1997. Provincially, Alberta registered an unemployment rate of 7.9 per cent in April, that’s down 0.5 per cent from 8.4 per cent the previous month. Calgary’s jobless rate has been on a downward trend in recent months but remains the highest among major Canadian cities, having declined from a peak of 10.2 per cent in November to 9.3 per cent in the past two months. The economy as a whole added 3,200 new jobs last month, which Statistics Canada considers statistically insignificant. A consensus of economists had expected the unemployment rate to stay at 6.7 per cent, according to Thomson Reuters. A closer look at the data showed a loss of 50,500 positions in the more-desirable private-sector category, while the public sector added 35,200 jobs. There were also 31,200 fewer full-time jobs last month, while the number of part-time positions grew by 34,300. Compared to a year earlier, the data showed that Canada added 275,700 jobs, 189,600 of which were full-time positions. The youth unemployment rate slipped 1.1 percentage points to 11.7 per cent last month with help from a 0.5-percentage-point drop in the youth participation rate. Some analysts said the data will likely continue to give the Bank of Canada some cause for concern on the state of the economy.

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