• ITVI.USA
    12,371.230
    1,536.990
    14.2%
  • OTRI.USA
    15.950
    0.050
    0.3%
  • OTVI.USA
    12,358.510
    1,529.980
    14.1%
  • TLT.USA
    2.650
    -0.050
    -1.9%
  • TSTOPVRPM.ATLPHL
    2.630
    0.110
    4.4%
  • TSTOPVRPM.CHIATL
    1.910
    0.050
    2.7%
  • TSTOPVRPM.DALLAX
    1.250
    -0.060
    -4.6%
  • TSTOPVRPM.LAXDAL
    2.390
    0.130
    5.8%
  • TSTOPVRPM.PHLCHI
    1.330
    0.070
    5.6%
  • TSTOPVRPM.LAXSEA
    2.750
    0.020
    0.7%
  • WAIT.USA
    103.000
    -17.000
    -14.2%
  • ITVI.USA
    12,371.230
    1,536.990
    14.2%
  • OTRI.USA
    15.950
    0.050
    0.3%
  • OTVI.USA
    12,358.510
    1,529.980
    14.1%
  • TLT.USA
    2.650
    -0.050
    -1.9%
  • TSTOPVRPM.ATLPHL
    2.630
    0.110
    4.4%
  • TSTOPVRPM.CHIATL
    1.910
    0.050
    2.7%
  • TSTOPVRPM.DALLAX
    1.250
    -0.060
    -4.6%
  • TSTOPVRPM.LAXDAL
    2.390
    0.130
    5.8%
  • TSTOPVRPM.PHLCHI
    1.330
    0.070
    5.6%
  • TSTOPVRPM.LAXSEA
    2.750
    0.020
    0.7%
  • WAIT.USA
    103.000
    -17.000
    -14.2%
CanadaEconomicsNews

Transportation job losses slow as Canada starts to recover

The transportation and warehousing sector improves as Canada’s economy adds a surprising 290,000 jobs in May.

Job losses in Canada’s transportation and warehousing sector slowed in May as the country’s labor market improved.

The sector shed 24,000 jobs, or 2.8%, during the month, Statistics Canada said on Friday. Overall, Canada added nearly 290,000 jobs during the month, an increase of 1.8%.

While transportation and warehousing underperformed other sectors, the data in the Labor Force Survey represents a significant improvement over April. The sector saw a decline of more than 10% during that month

The trucking industry accounts for the largest share of the transport and warehousing sector, which also includes far more troubled airlines.

The overall employment data came in much stronger than expected. It came as Canada’s provinces began allowing more businesses to reopen. 

“This is the kind of surprise we like. We may have only regained a small slice of March and April’s unprecedented job losses, but the story could have been much worse,” TD Bank senior economist Brian Depratto wrote today

Click for more FreightWaves articles by Nate Tabak.

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Nate Tabak, Border and North America Correspondent

Nate Tabak is a Toronto-based journalist who covers cross-border trucking, logistics and trade for FreightWaves. Before moving to Canada, he spent seven years reporting stories in the Balkans and Eastern Europe as a reporter, producer and editor based in Kosovo. He previously worked at newspapers in the San Francisco Bay Area, including the San Jose Mercury News. He graduated from UC Berkeley, where he studied the history of American policing. Contact Nate at ntabak@freightwaves.com.
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