Unemployment Rate in Canada Decreases to 7.7%

Canada's unemployment rate edged down 0.1 percentage points to 7.7% in March. Over the past 12 months, employment has risen by 1.8% (+305,000).
TradingEconomics.com, Statistics Canada 4/8/2011 11:36:33 AM

Overall employment was unchanged in March, as gains in full-time work were offset by declines in part time.

Full-time employment rose by 91,000 in March, and was offset by a decline of 92,000 in part time. This large full-time increase brought gains in full-time employment to 251,000 (+1.8%) over the past 12 months, while part time increased by 54,000 (+1.7%).

There were employment gains in accommodation and food services as well as construction in March, and losses in health care and social assistance and in public administration.

The number of public sector employees fell in March. Compared with 12 months earlier, public sector growth (+2.4%) was slightly faster than that of private sector employees (+2.1%), while self-employment was unchanged.

In March, employment declined in Quebec and increased in Prince Edward Island. There were no notable changes in overall employment in the other provinces.

Employment increased for men aged 25 and over, while it declined among youths aged 15 to 24 and women 55 and over.

Unemployment Rate in Canada Decreases to 7.7%