The good news is that Canadian employment is growing again. But the details continue to show that this is not a particularly healthy labour market.
Statistics Canada’s monthly Labour Force Survey, released Friday morning, showed that the Canadian economy added 25,800 jobs in May, essentially reversing April’s disappointing 29,000-job decline. But the quality of the May gains was, frankly, discouraging. Full-time employment actually fell by 29,000; full-time jobs have now shrunk by 60,000 over the past two months. All of May’s job growth was in part-time positions, which rose by 55,000. Two-thirds of the jobs created in May were in accommodation and food services – the lowest-paying segment of the labour market. Employment in the meat of the labour market – Canadians aged 25 to 54 – was down 54,000 in May, and 88,000 in the past two months.