Canada’s employment rate was little changed in March

Statistics Canada
April 5, 2024
Category: Finance & Economics
Region: Canada

Canada’s Employment was virtually unchanged in March (-2,200; -0.0%), following increases in February (+41,000; +0.2%) and January (+37,000; +0.2%). …The unemployment rate rose 0.3 percentage points to 6.1% in March, bringing the cumulative increase over the past 12 months to 1.0 percentage points. The monthly increase in the unemployment rate in March was driven by an increase of 60,000 (+4.8%) people searching for work or on temporary layoff. This brought the total number of unemployed people to 1.3 million, an increase of 247,000 (+23.0%) compared with 12 months earlier. …Employment falls in three industries, led by accommodation and food services. …Employment in construction increased by 15,000 (+1.0%) in March but was little changed compared with March 2023. 

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