Canada Jobless Rate Rises To 6.7% In March
The unemployment rate in Canada increased to 6.7 percent in March of 2017 from 6.6 percent in the previous month and in line with market expectations. Employment rose by 19.4 thousand, beating market consensus of a 5 thousand increase, while the unemployment went up by 27.6 thousand.
Unemployment increased by 27,600 to 1,313,700, and employment went up by 19.4 thousand to 18,308,00. Full-time employment increased by 18.4 thousand, following a 105.1 thousand rise in February. Part-time employment rose by 1 thousand after a 89.8 thousand drop in the previous month.
There were more people working in manufacturing (24.4 thousand, the largest increase since August 2002); business, building and other support services (18.2 thousand); wholesale and retail trade (16.9 thousand); and information, culture and recreation (10.7 thousand). On the other hand, declines were recorded in educational services (-14.9 thousand); transportation and warehousing (-12.8 thousand); "other services" (-9.5 thousand); and public administration (-7.8 thousand).
Employment rose in Alberta, Nova Scotia and Manitoba. At the same time, employment fell in Saskatchewan, while it was relatively stable in the remaining provinces.
In March, employment increased for men aged 25 to 54, while there was little change among other demographic groups.
The participation rate increased to 65.9 percent from 65.8 percent in the previous month.
4/7/2017 12:44:01 PM