Canadian economy added over 7K jobs in April, but unemployment up

Statistics Canada reported today that the economy added 7,400 jobs in April but the unemployment rate rose for the second straight month to 6.9 per cent — matching a recent high from November.

According to the national statistical agency the increase in the jobless rate may indicate employers aren’t hiring as quickly as the population grows.

A poll of economists had predicted a gain of over 2,000 jobs in April and a rise in the unemployment rate to 6.8 per cent.

With files from The Canadian Press

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