Canada's jobs report disappoints

The economy added 3,200 jobs in April, according to Statistics Canada. That number is below economists' expectations of an 10,000 uptick.

Most of the job gains were in part-time positions, which rose by 34,300. Full-time employment fell by 31,200.

Breaking down the data by age, employment dropped by 20,000 for men aged 25 to 54, primarily in full-time positions. Those aged 55 and up saw employment rise.

The unemployment rate ticked down to 6.5% from 6.7%.

The previous month saw 19,400 jobs added, far above economists' expectations of 5,700. Crucially, almost all the jobs added in March were full-time, as opposed to part-time.

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