Суббота, 21 Апреля, 2018
  • Finance
  • Canadian Economy Adds Jobs in February, but Full-Time Positions Shrink

Canadian Economy Adds Jobs in February, but Full-Time Positions Shrink

By Brian Konrad By Brian Konrad
Orlando Vargas | 10 Марта, 2018, 00:29

A year ago, the rate here was 6.6 per cent.

Stats Canada says the unemployment rate rose to 6.7 per cent last month, up from 6.5 per cent in January.

Most economists agree that public-sector job growth isn't sustainable, and private-sector job gains are needed to maintain growth.

The Ontario jobless rate remained steady at 5.5%.

Part-time jobs accounted for all of the gains (up by 54,700 positions), while full-time jobs declined for the first time in six months, losing nearly 40,000 jobs.

The national economy added 15,400 net new jobs in February edging the Canadian unemployment rate down to 5.8% from 5.9% in January.

Analysts in a Reuters poll had forecast employment would increase by 20,000 after Canada shed 88,000 positions in January, the most in nine years.

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Zeller said job growth was down in January for OH as well as the nation.

Lethbridge region was one of only 2 economic regions in the province where the unemployment rate went up in February. The Bank of Canada kept its trend-setting rate at 1.25 per cent on Wednesday after introducing three hikes since last summer.

"The Ohio year over year job growth rate fell from 0.98 percent in December to 0.90 percent in January", he wrote in an email.

Earlier this week, the central bank highlighted wage growth as one of the key data points that it will scrutinize ahead of future rate decisions. That's up from 4.8 per cent in January.

2,400 people entered the labour force while an extra 500 people claimed unemployment.

The survey also said the number of paid employee jobs increased last month by 58,800 positions, compared with a decrease in self-employed positions of 43,300.

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