CANADIAN ECONOMY REPORTS BIGGEST 1-MONTH SURGE IN 43 YEARS

OVERALL EMPLOYMENT DROPPED BY 7,200 NET JOBS IN MARCH, THE FIRST MONTHLY DECREASE AFTER SIX CONSECUTIVE MONTHS OF RISING EMPLOYMENT BETWEEN SEPTEMBER AND FEBRUARY.

EMPLOYMENT GREW 0.6 PER CENT WITH THE APRIL INCREASE

Employment grew 0.6 per cent with the April increase -- the highest proportional monthly expansion since 1994.
Employment rose by 32,400 in the category of wholesale and retail trade positions, while the construction sector added 29,200 jobs.
The unexpected increase helped drop the unemployment rate to 5.7 per cent last month, from 5.8 per cent in March.

Canada's labour market delivered a surprise Friday with its biggest one-month employment surge since 1976, when the government started collecting comparable data. The country added 106,500 net jobs in April, and the bulk of...

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