Canada adds 259,000 jobs in February, biggest increase since September


Canada added 259,000 jobs in February, recovering most of the jobs it lost in the previous two months, Statistics Canada said on Friday.

It’s the biggest increase since September 2020.

The unemployment rate stands at 8.2 per cent, down from 9.4 per cent.

The results handily exceeded analysts’ expectations of 75,000 added jobs and an unemployment rate of 9.2 per cent. 

Compared with 12 months earlier, there were 599,000 fewer people employed and 406,000 more people working less than half their usual hours.

Both part-time and full-time work increased, while the number of self-employed workers was the same.

Among workers who worked at least half their usual hours, the number working at locations other than home increased by 600,000 as schools and other workplaces reopened in several provinces, the agency said.


Source link


Please enter your comment!
Please enter your name here