- Analytics
- News and Tools
- Market News
- Canada’s economy added 28,700 jobs in March, driven by an increase in part-time jobs
Canada’s economy added 28,700 jobs in March, driven by an increase in part-time jobs
Statistics Canada released the labour market data on Friday. Canada's unemployment rate remained unchanged at 6.8% in March, in line with expectations.
The number of employed people increased by 28,700 jobs in March, exceeding expectations for a gain of 100 jobs, after a 1,000 decline in February.
The gain was driven by an increase in part-time jobs.
Full-time employment in March declined by 28,200 jobs, while part-time work rose by 56,800.
The manufacturing sector cut 16,500 jobs in March, while natural resources added 6,300 jobs.
The services sector added 45,300 jobs, while the construction sector shed 12,100 jobs.
Self-employment declined by 17,000.
The labour participation rate rose to 65.9% in March from 65.8 in February.
The Bank of Canada monitors closely the labour participation rate.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
