Canada added 15,000 jobs in April, fewer than expected but enough to push the unemployment rate to a record high of 5.2%

The Canadian economy added 15,300 jobs in April, the third straight monthly increase after a major hit from the Omicron variant earlier in the year.

Economists had expected around 40,000 jobs to be created, and while the figure was well below that number, data released by Statistics Canada on Friday was enough to push the jobless rate down to a new record low of 5.2%.

The unemployment rate in March had already reached its lowest level since 1976, at 5.3%.

Most of the job gains in April were concentrated in the Atlantic region and Alberta, while Quebec lost jobs.

More soon.