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Canada gains 337,000 jobs in February; unemployment rate falls below pre-Covid level

March 11, 2022

Employment in Canada rose by roughly 337,000 jobs in February when in comparison with January, a rise of 1.8%, Statistics Canada reported at present. The company noticed indicators that time to an more and more tight labor market in February. The employment development was pushed by a achieve of 347,000 within the variety of private-sector staff, which was partially offset by a decline of 18,600 self-employed employees. Statistics Canada additionally famous the variety of public-sector employees rose by 7,900.

Employment positive factors had been famous widespread throughout industries. The variety of individuals working within the services-producing sector rose by 293,000 in February, greater than recouping losses from January.

Positive factors had been most notable within the “lodging and meals providers” trade, which noticed employment climb by 114,000. The “info, tradition and recreation” trade additionally reported an increase, up by 73,000, together with the goods-producing sector, which rose by 44,000, its third consecutive month-to-month enhance.

Moreover, the development trade reported a significant enhance, with employment up by 37,000.

The Canadian unemployment price fell under its pre-Covid degree for the primary time. It was 5.5% in February, decrease than the 5.7% seen in February 2020.

Employment rose in eight provinces and remained regular in Alberta and New Brunswick.

The biggest proportional will increase had been in Newfoundland and Labrador and Prince Edward Island. Employment in Newfoundland and Labrador rose by 9,500 jobs.

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