By Canadian Press

Record job numbers

Record low unemployment rate in May

Jun 7, 2019 | 8:31 AM

OTTAWA — Canada’s unemployment rate hit a record low in May.

The economy added 27,700 jobs last month bringing the unemployment rate to 5.4 per cent – it’s lowest level since 1976.

Year-over-year average hourly wage growth for all employees, a key indicator monitored by the Bank of Canada ahead of its interest-rate decisions, was 2.8 per cent in May, up from 2.5 per cent in April.

The latest jobs numbers for Stats Canada comes after a record 106,500 jobs were added in April.

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Provincially, the B.C. unemployment rate was 4.3 per cent, the lowest unemployment rate in Canada for the 22nd consecutive month.

Meanwhile in Prince George, the unemployment rate in May was 4.7 per cent, a slight increase from 4.6 per cent in May 2018.