Canada Jobless Rate Drops to 5.8% in February


The unemployment rate in Canada decreased to 5.8 percent in February of 2018 from 5.9 percent in January and below market expectations of 5.9 percent. Employment was up by 15,400, as an increase in part-time employment (+54,700) largely offset a decrease in full-time employment (-39,300).

In February, employment increased for both men and women in the core working age group (25 to 54), while there was little change for youth aged 15 to 24 and for people aged 55 and older.

For youth aged 15 to 24, both the level of employment and the unemployment rate were little changed in February. 

Employment increased the most in New Brunswick (+5,100) and Nova Scotia (+2,800), while it decreased in Saskatchewan (-2,900). There was little change in the other provinces.

Jobs were added in several industries, including health care and social assistance (+25,000); other services as repair and maintenance (+17,000); transportation and warehousing (+13,000); educational services (+12,000); public administration (+9,000). Conversely, employment declined in wholesale and retail trade (-22,000); manufacturing (-17,000); professional, scientific and technical services (-12,000) and finance, insurance, rental and leasing (-12,000).

The number of employees increased in the public sector (+50,000), while it held steady in the private sector. The number of self-employed workers decreased (-43,000).

On a year-over-year basis, employment grew by 283,000 or 1.5 percent, driven by full-time work (+283,000 or +1.9 percent), while part-time employment was unchanged. Over the same period, hours worked rose by 3.2 percent.

Canada Jobless Rate Drops to 5.8% in February


Statistics Canada | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
3/9/2018 4:38:44 PM