Construction leads job gains
July 24, 2019
Construction—including home building, added more than10,000 jobs in June compared to a month earlier, leading all Canadian industries.
The total number of number of new jobs in Canada rose by 30,400 in June from May, according to the ADP Canada National Employment Report. This compares to a month-over-month decline of 36,700 jobs in May.
The robust job report comes on the heels of a surge in housing starts across Canada in June, which smashed expectations by posting seasonally-adjusted starts of 245,657 homes, up from May’s pace of 196,809 units, according to Canada Mortgage and Housing Corp.
“June experienced higher acceleration in job growth,” said Ahu Yildirmaz, vice-president and co-head of the ADP Research Institute. “Construction delivered the biggest contribution to the increase, along with professional/business services which reflects the increasing demand for high-skilled workers.”
Construction added 10,400 jobs, leading the way in the goods-producing sector. Natural resources and mining—also part of the goods-producing sector— lost 500 jobs while manufacturing posted no new jobs.
In the service-providing sector, job creation was highest in the professional and business sector, which added 8,000 jobs in June. Finance and real estate, however, shed 2,000 jobs in the month, according to the ADP report.