OTTAWA, March 7 (Reuters) – Canada’s economy gained a net 1,100 jobs in February, entirely in part-time work, and the jobless rate held at 6.6%, Statistics Canada data showed on Friday.
Employment in the goods producing sector fell by a net 19,500 jobs, largely in utilities. The services sector was up by a net 20,600 positions, led by wholesale and retail trade, as well as finance, insurance, real estate, rental and leasing.
Feb 2025 Jan 2025
Jobs gain/loss +1,100 +76,000
full-time -19,700 +35,200
part-time +20,800 +40,900
Unemployment rate 6.6% 6.6%
Participation 65.3% 65.5%
Labor force 22.467 mln 22.484 mln
Feb 2025 Feb 2024 % change
Avg hourly wage C$36.94 C$35.53 +4.0
NOTE: Analysts surveyed by Reuters had forecast an increase of 20,000 jobs in February, and for the unemployment rate to rise to 6.7%. Hourly wage figures are for permanent employees.
(Reporting by Dale Smith; Editing by Promit Mukherjee) (([email protected]))
Keywords: CANADA ECONOMY/EMPLOYMENT
Source: Reuters.com