The Canadian economy has created over 82,000 new jobs in March, six times more than expected, which has pushed the unemployment rate from 7.4% to 7.2% from February, Statistics announced Friday Canada.
This strong increase is mainly due to full-time work, which had 70,000 more jobs in March. It contrasts with analysts' forecasts, which projected the creation of 13,200 jobs and an unemployment rate steady at 7.4%.
This improvement comes after four months of little change in employment.
At 7.2%, the unemployment rate returns to its lowest level since Canada came out of the recession in the summer of 2009, Bernanke pointed Emanuella Enenajor of CIBC World Markets.
It is "the fourth largest monthly job creation in 30 years", noted for his part economist Douglas Porter of the Bank of Montreal.
Over the past year, 197,000 jobs were created in Canada, full-time positions for the most part, and the total number of hours worked increased 1.6%, Statistics Canada said in a statement.
In March, there have been gains in all age categories, while the participation rate rose 0.1 points to 66.6%.
This is the private sector registered the largest increase of jobs in March (42 600), but the public sector (20 900) and self-employment (18 800) were not far behind.
The job growth was spread across several sectors, including health care and social assistance, information, culture and recreation, and public administrations.
Meanwhile, educational services were down, like trade, hotels and restaurants, as well as agriculture.
One good news for the slight increase in the manufacturing sector, which is concentrated mainly in Ontario and Quebec, which had been hard hit during the recession. Employment was up there in March (11,800 jobs created) for the fourth consecutive month. However, the number of employees in this sector is down 22,000 last year.
Ontario (46 000) and Quebec (36 000) had the strongest job creation in March. In Ontario, the country's economic engine, unemployment fell 0.2 percentage points to 7.4%, while in Quebec, the decline was 0.5 percentage points to 7.9%.
Here the rate in the provinces of the country (the figure for the previous month in brackets):
- Newfoundland and Labrador 13.0 (12.9)
- Prince Edward Island Prince Edward Island 11.3 (10.8)
- Nova Scotia 8.3 (8.2)
- New Brunswick 10.2 (10.1)
- Quebec 7.9 (8.4)
- Ontario 7.4 (7.6)
- Manitoba 5.3 (5.6)
- Saskatchewan 4.8 (5.0)
- Alberta 5.3 (5.0)
- British Columbia 7.0 (6.9)
Here the rate in major cities:
- St. John's, Newfoundland and Labrador 7.8 (7.6)
- Halifax 5.9 (5.8)
- Moncton 6.4 (6.6)
- Saint John, NB 8.2 (7.8)
- Saguenay 6.1 (6.3)
- Quebec 5.1 (5.1)
- Sherbrooke 7.1 (7.0)
- Three Rivers 7.6 (8.1)
- Montreal 9.2 (9.2)
- Gatineau 5.5 (6.1)
- Ottawa 6.2 (6.0)
- Kingston 7.4 (7.1)
- Peterborough 9.6 (7.5)
- Oshawa 7.8 (7.4)
- Toronto 8.6 (8.6)
- Hamilton 6.0 (5.9)
- St. Catharines-Niagara 7.5 (7.6)
- Kitchener 6.7 (6.7)
- Brantford 8.8 (8.2)
- Guelph 5.4 (5.5)
- London 8.5 (8.8)
- Windsor 10.7 (10.7)
- Barrie 9.2 (8.7)
- Sudbury 7.2 (6.6)
- Thunder Bay 5.3 (5.6)
- Winnipeg 5.8 (5.8)
- Regina 3.9 (4.4)
- Saskatoon 5.9 (6.0)
- Calgary 5.1 (5.2)
- Edmonton 5.7 (5.3)
- Kelowna 8.8 (8.2)
- Abbotsford 10.6 (10.5)
- Vancouver 6.6 (6.7)
- Victoria 5.3 (5.3)
This strong increase is mainly due to full-time work, which had 70,000 more jobs in March. It contrasts with analysts' forecasts, which projected the creation of 13,200 jobs and an unemployment rate steady at 7.4%.
This improvement comes after four months of little change in employment.
At 7.2%, the unemployment rate returns to its lowest level since Canada came out of the recession in the summer of 2009, Bernanke pointed Emanuella Enenajor of CIBC World Markets.
It is "the fourth largest monthly job creation in 30 years", noted for his part economist Douglas Porter of the Bank of Montreal.
Over the past year, 197,000 jobs were created in Canada, full-time positions for the most part, and the total number of hours worked increased 1.6%, Statistics Canada said in a statement.
In March, there have been gains in all age categories, while the participation rate rose 0.1 points to 66.6%.
This is the private sector registered the largest increase of jobs in March (42 600), but the public sector (20 900) and self-employment (18 800) were not far behind.
The job growth was spread across several sectors, including health care and social assistance, information, culture and recreation, and public administrations.
Meanwhile, educational services were down, like trade, hotels and restaurants, as well as agriculture.
One good news for the slight increase in the manufacturing sector, which is concentrated mainly in Ontario and Quebec, which had been hard hit during the recession. Employment was up there in March (11,800 jobs created) for the fourth consecutive month. However, the number of employees in this sector is down 22,000 last year.
Ontario (46 000) and Quebec (36 000) had the strongest job creation in March. In Ontario, the country's economic engine, unemployment fell 0.2 percentage points to 7.4%, while in Quebec, the decline was 0.5 percentage points to 7.9%.
Here the rate in the provinces of the country (the figure for the previous month in brackets):
- Newfoundland and Labrador 13.0 (12.9)
- Prince Edward Island Prince Edward Island 11.3 (10.8)
- Nova Scotia 8.3 (8.2)
- New Brunswick 10.2 (10.1)
- Quebec 7.9 (8.4)
- Ontario 7.4 (7.6)
- Manitoba 5.3 (5.6)
- Saskatchewan 4.8 (5.0)
- Alberta 5.3 (5.0)
- British Columbia 7.0 (6.9)
Here the rate in major cities:
- St. John's, Newfoundland and Labrador 7.8 (7.6)
- Halifax 5.9 (5.8)
- Moncton 6.4 (6.6)
- Saint John, NB 8.2 (7.8)
- Saguenay 6.1 (6.3)
- Quebec 5.1 (5.1)
- Sherbrooke 7.1 (7.0)
- Three Rivers 7.6 (8.1)
- Montreal 9.2 (9.2)
- Gatineau 5.5 (6.1)
- Ottawa 6.2 (6.0)
- Kingston 7.4 (7.1)
- Peterborough 9.6 (7.5)
- Oshawa 7.8 (7.4)
- Toronto 8.6 (8.6)
- Hamilton 6.0 (5.9)
- St. Catharines-Niagara 7.5 (7.6)
- Kitchener 6.7 (6.7)
- Brantford 8.8 (8.2)
- Guelph 5.4 (5.5)
- London 8.5 (8.8)
- Windsor 10.7 (10.7)
- Barrie 9.2 (8.7)
- Sudbury 7.2 (6.6)
- Thunder Bay 5.3 (5.6)
- Winnipeg 5.8 (5.8)
- Regina 3.9 (4.4)
- Saskatoon 5.9 (6.0)
- Calgary 5.1 (5.2)
- Edmonton 5.7 (5.3)
- Kelowna 8.8 (8.2)
- Abbotsford 10.6 (10.5)
- Vancouver 6.6 (6.7)
- Victoria 5.3 (5.3)
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