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April Job Growth Stalls, Especially Among Young People

The monthly report did not happen amid fireworks, as job searches fail to ignite younger people.

Statistics Canada reported Friday that the economy added 3,200 jobs and the jobless rate ticked down two notches to 6.5% in April, with fewer young people looking for work.

The agency reported Friday that employment increased in British Columbia and Prince Edward Island, while it was virtually unchanged in the other provinces.

The data agency defines young workers as those between ages 15 and 24. The jobless rate for that group fell 1.1 percentage points to 11.7% — the lowest level since September 2008.

Despite not so many new jobs, employment has now increased in eight of the last nine months, averaging about 32,000 jobs a month over that period.

However, says StatsCan says wage growth fell to its lowest level on record dating back to 1998. The average hourly worker was only making 0.7% more in April than they were a year earlier. Permanent, salaried workers fared even worse, up just 0.5% which does not quite stack up evenly with the official inflation rate, now at 1.6%.