Strong Canadian economy: net increase of 30,000 full-time positions in March
Statistics from Statistics Canada showed that Canada’s full-time workforce surged by 68,300 in March, 35,900 lost part-time jobs, and a net increase of 32,300 full-time jobs. The national unemployment rate was historically low at 5.8%.
Figures released by the Statistics Bureau on Friday (April 6th) showed that after February, the unemployment rate in the country remained stable at 5.8% in March this year. This is the third time since December last year that it has been recorded in 1976. The lowest level. This historic low-level unemployment rate only appeared in 2007.
Steady wages, youth unemployment rate drop
According to the statistics of the National Bureau of Statistics, the increase in the average hourly wage in Canada rose from 3.1% in February to 3.3% in March this year after reaching a bottom rebound from 0.5% in April 2017.
With a net increase of 17,700 jobs, the youth unemployment rate fell from 11.1% in February to 10.9% in March.
In the product manufacturing industry, 21,700 new jobs were created, mainly in the construction industry; the service industry created 10,600 jobs, most of which were new jobs in the public sector.
The provinces of Ontario and Quebec, two major provinces in the country, have posted a net increase of more than 10,000 jobs in March. Thanks to the addition of 28,600 full-time jobs, Quebec’s net increase was 16,000, up 0.4% from February; Ontario also increased 16,300 full-time, a net increase of 10,600, a slight increase of 0.1% from February. In addition, Saskatchewan and Alberta increased by 0.7% and 0.4%, respectively, and the unemployment rate in Alberta fell from 6.7% to 6.3%.
Unemployment Percentages by Province in March: Newfoundland and Labrador 14.2 (14.0, February, same below), Prince Edward Island, Province 10.3 (10.1), Nova Scotia Province, 7.4 (7.9), New Brunswick Province 8.0 (8.2), Quebec Province 5.6 (5.6), Ontario 5.5 (5.5), Manitoba 6.2 (5.9), Saskatchewan 5.8 (5.6), Alberta 6.3 (6.7), BC 4.7 (4.7).