US EditionCanada adds 14,000 jobs in March, keeping unemployment rate at 6.7%
Statistics Canada said the natural resources sector added 10,000 jobs and average hourly wages rose 4.7% from a year earlier.
- Statistics Canada reported Friday that Canada added 14,000 jobs in March, though the national unemployment rate remained unchanged at 6.7 percent, with the agency describing employment as "little changed."
- February saw 84,000 jobs lost, which raised the national unemployment rate from 6.5 percent to 6.7 percent and established the backdrop for the current stagnant labour market conditions.
- Average hourly wages rose 4.7 percent year-over-year in March, marking the fastest pace in 18 months, yet this wage growth occurred alongside steady unemployment, signaling underlying inflationary pressures.
- Natural resources employment rose 3 percent, adding 10,000 jobs with nearly half originating from Alberta, while finance, insurance, real estate and leasing sectors led monthly losses.
- RBC economist Nathan Janzen warned Friday that Canada's economy "still faces headwinds" from trade uncertainty and higher energy prices, factors continuing to impact household purchasing power and economic stability.
31 Articles
31 Articles
Canada Gained 14K Jobs in March; Unemployment Unchanged at 6.7 Percent
Canada’s unemployment rate remained unchanged at 6.7 percent despite the economy adding 14,000 jobs last month, according to the latest data from Statistics Canada. While employment and unemployment both held steady in March, this follows a cumulative loss of 109,000 jobs over the first two months of the year, including a decline of 84,000 in February alone. The latest unemployment rate follows a 0.2 percentage point increase in February to 6.7 …
ElliotLakeToday.com
Modest March jobs growth stems 'bleeding' in the labour market: economists
OTTAWA — Statistics Canada's labour force survey on Friday showed little improvement in March after a volatile few months that saw employment levels surge and then drop.
Canada's Job Market: Slight Growth Amid Challenges
Canada's job market showed modest growth in March, adding 14,100 jobs, but the unemployment rate remained at 6.7%. The slight increase in employment follows significant job losses earlier in the year, as economic pressures from U.S. tariffs and global uncertainties continue to impact the labor market.
The Canadian economy created 14,000 jobs in March, according to Statistics Canada, while the unemployment rate remained stable at 6.7%.
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