Canada Jobless Rate Steady at 5.8% in March


The unemployment rate in Canada was unchanged at 5.8 percent in March of 2018 from the previous month, in line with market consensus. The jobless rate remained at its lowest level since 1976 for the second straight month. Employment rose by 32,300, more than an expected 20,000 gain, driven by job adds in construction and public administration as well as a recovery in full-time work (+68,300). In contrast, part-time employment was down (-35,900).

In March, among the core-aged population (25 to 54 years old), employment increased for women (+26,000) and decreased for men (-22,000). At the same time, employment was up for youth aged 15 to 24 (+18,000), and was little changed for people 55 years and older.

Employment rose in Quebec (+16,000) and Saskatchewan (+4,200), while there was little change in the other provinces, such as Alberta, British Columbia and Ontario.

There were more people working in construction (+18,300), public administration (+11,900) and agriculture (+8,100).

The number of public sector employees edged up (+19,600), while the number of private sector employees and self-employed held steady.

On a year-over-year basis, total employment rose by 296,000 (+1.6 percent), with the number of full-time workers increasing by 335,000 (+2.3 percent). Over the same period, total hours worked grew by 2.2 percent.

Canada Jobless Rate Steady at 5.8% in March


Statistics Canada | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
4/6/2018 1:24:44 PM