Contraction: Unemployment Rate

unemployment rate: The modest pick-up helped take the sting out of March's massive 54,500 contraction, although it was not enough to budge the unemployment rate from 7.2 per cent. , according to Winnipeg Free Press. Economists said the result was more in line with the slow-growing economy and expected future months would produce similar results. OTTAWA - After suffering through the worst month in four years, Canada's jobs market turned modestly positive again in April, churning out 12,500 net new jobs all of them full-time in a signal the long winter of labour market contraction may be at an end. Nor was the gain sufficient to completely reverse the losses of the first three months of the year, leaving Canada about 13,000 jobs short of where employment stood on Jan. 1. (www.immigrantscanada.com). As reported in the news.