[LINK] "Canadian job gains in May best since 2002"

[rfmcdonald]

Good economic news from Canada, eh?

Job vacancies fall to lowest point on recordCanada's economy had its best month for job creation in more than a decade last month, adding 95,000 new jobs, according to Statistics Canada.

A consensus of economists had been expecting Canada to create only about 15,000 jobs during the month.

The gain reported Friday was more than three times as much as the most optimistic expectation among closely watched economists.

"All of the employment gains in May were among private-sector employees, offsetting losses over the previous two months for this group," the data agency said.

The large gain pushed unemployment down a tenth of a percentage point to 7.1 per cent. The strong showing was one of the best headline numbers on record. The last time more jobs were created in any given month was August 2002, when the economy cranked out 95,100 new positions.