Canada's jobs report disappoints
Fred Thornhill/Reuters
The economy added 3,200 jobs in April, according to Statistics Canada. That number is below economists' expectations of an 10,000 uptick.
Most of the job gains were in part-time positions, which rose by 34,300. Full-time employment fell by 31,200.
Breaking down the data by age, employment dropped by 20,000 for men aged 25 to 54, primarily in full-time positions. Those aged 55 and up saw employment rise.
The unemployment rate ticked down to 6.5% from 6.7%.
The previous month saw 19,400 jobs added, far above economists' expectations of 5,700. Crucially, almost all the jobs added in March were full-time, as opposed to part-time.
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