MaharlikaNews | Canada Leading Online Filipino Newspaper Portal The No. 1 most engaged information website for Filipino – Canadian in Canada. MaharlikaNews.com received almost a quarter a million visitors in 2020.
Labour Force Survey shows Canadian employment was virtually unchanged last month
The Canadian economy lost 2,200 jobs in March while the unemployment rate rose to 6.1 per cent, as more people looked for work and job growth ground to a halt, Statistics Canada said Friday.
That's up from 5.8 per cent in February and marks the largest increase in the unemployment rate since summer 2022.
The federal agency's labour force survey shows employment was little changed last month, with jobs shed after modest increases over the last several months.
Job losses were concentrated in accommodation and food services, as well as wholesale and retail trade, and professional, scientific and technical services.
Meanwhile, employment increased in four industries, led by health care and social assistance.
Statistics Canada says the increase in the jobless rate was driven by an increase of 60,000 people searching for work or temporarily laid off.
Average hourly wages rose 5.1 per cent in March, to $34.81 on a year-over-year basis, after five per cent growth in February.
More to come
With files from CBC's Jenna Benchetrit
.png)
Add some “good” to your morning and evening.
Your weekly look at what’s happening in the worlds of economics, business and finance. Senior business correspondent Peter Armstrong untangles what it means for you, in your inbox Monday mornings.
The next issue of the Mind your Business will soon be in your inbox.
Discover all CBC newsletters in the Subscription Centre.
*****
Credit belongs to : www.cbc.ca
