Canada February Employment Report Shows Strong Job Gains Amid Slight Rise in Unemployment Rate
Friday, 8 March 2024, 13:30
Canada Employment Report Overview
The Canada February employment report showed robust job gains, exceeding expectations. Unemployment rate slightly increased, but core-aged individuals experienced notable employment growth. Full-time employment had the most significant gains, while average hourly wages declined.
Key Highlights:
- Employment increased by 41,000 in February
- Unemployment rate rose to 5.8%
- Core-aged individuals witnessed significant employment gains
- Provincial employment varied across regions
- Services-producing sector showed positive employment trends
- Total hours worked remained relatively stable
- Average hourly wages for employees rose year-over-year
This report indicates a strong job market performance with mixed indicators, including a rise in unemployment and a decline in average hourly wages.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.