Posted AT 12:12 PM EDT on 09/06/06
Jobless rate nears 32-year low
The Canadian economy added a stunning 96,700 net jobs in May — matching a record high — driving the unemployment rate to its lowest level since December, 1974.
The rate unexpectedly tumbled to 6.1 per cent from 6.4 per cent as a jump in full-time jobs outweighed a drop in part-time positions, Statistics Canada said Friday.
The strong numbers took economists by surprise and sent the Canadian dollar higher.
The full text of this article has 637 words.
To continue reading this article, you will need to purchase this article.
Already have a member account? Login now
Pay-Per-View Offers To read the complete article, select one of the following options
Purchasing from globeandmail.com is quick and secure.
| Market | Change | Value |
|---|---|---|
| Data delayed 15 minutes | ||
| S&P/TSX | -306.52 | 13,206.14 |
| DJIA | -283.10 | 11,349.28 |
| S&P 500 | -29.65 | 1,252.54 |
| Nasdaq | -45.77 | 2,280.11 |
| Stock Profile | Sponsored by: |
|---|---|
 |
MOST POPULAR 
Most Popular
| Rank | Headline |
|---|---|
| 1. | Gloomy day for U.S. markets 24/07/08 4:36 PM
|
| 2. | Ford's $8.7-billion loss deepens auto woes 24/07/08 10:41 PM
|
| 3. | Humane society, pawnshop among creditors of failed oil firm 24/07/08 8:46 PM
|
| 4. | Energy boom masking gloomy trade picture, EDC says 24/07/08 8:20 PM
|
| 5. | Commodities losing altitude 24/07/08 7:28 AM
|
| 6. | Kinross makes move on Ecuador 24/07/08 8:10 PM
|
| 7. | Husky expects record year, increases dividend 24/07/08 6:48 PM
|
| 8. | Ford unveils dramatic makeover plans 23/07/08 8:35 PM
|
| 9. | Wachovia CFO to leave, days after record loss 24/07/08 6:10 PM
|
| 10. | TD Bank abandons U.S. brand battle 24/07/08 12:48 AM
|
31Business incubator
- Turning an idea into a best seller
- Spinmaster's toy guru Ben Varadi
The Law Page
- Lawyer finds gaping hole in securities law
- Plus: A fierce litigator who was a 'gentleman'
Video Pick
- Henry Paulson speaks
- The U.S. Treasury Secretary speaks on the U.S. housing crisis
Magazine
- Who will benefit from drilling offshore Brazil?
- Just a handful of firms in line for potential bonanza
DEREK DeCLOETWhere have all the good buyers gone?
BARRIE McKENNA AND NORVAL SCOTTThe energy up there
MARCUS GEESpeak2Me on Chinese TV
KONRAD YAKABUSKIGas police could use a refresher course on competition
ROB CARRICKManulife shows Mawer the love with promotion of small firm