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Canada’s economy added 290,000 jobs in May, Statistics Canada reports | CBC News

Byindianadmin

Jun 5, 2020
Canada’s economy added 290,000 jobs in May, Statistics Canada reports | CBC News

After losing more than three million jobs in March and April, Canada’s economy added 290,000 jobs in May, Statistics Canada reported Friday.

A worker displays a ‘Welcome Back!’ sign in the window of a store on Queen Street in Toronto in May. After two months of record job losses, Canada’s economy showed tentative signs of improvement in May, with 290,000 more jobs. (Cole Burston/Bloomberg)

After losing more than three million jobs in March and April, Canada’s economy added 290,000 jobs in May, Statistics Canada reported Friday.

The data agency reported that 290,000 more people had paid employment in May than in April. The surge means May was the best one-month gain for jobs in Canada in 45 years, although it happened from an admittedly low bar. It also  means the labour market has bounced back by about 10 per cent of the hit it too

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