Payrolls climb, vacancies steady

Total labour demand rises, wage growth slows in May

Now hiring sign

Payrolls edged higher again in May, while job vacancies remained flat, according to new data from Statistics Canada.

In a report published Thursday, the national statistical agency said employment numbers rose by 24,100 in May, which came on the heels of an increase of 59,000 in April.

On a year-over-year basis, payroll employment was up by 112,500 in May, an increase of 0.6%.

With 495,700 unfilled jobs in May, the number of job vacancies was essentially unchanged on a monthly basis. Job vacancies were little changed over the past year too.

Total labour demand, which represents the total of filled and unfilled jobs, increased by 0.3% month over month in May.

On a year-over-year basis, total demand was up 0.8%, Statistic Canada noted — an increase driven largely by rising payroll numbers.

Average weekly earnings were up by 3.4% on a year-over-year basis in May, which is a bit slower than the 3.7% rise recorded in April, the agency reported.