Once again, Canada added jobs in March and saw the overall unemployment rate drop to 6.9 percent.
The latest numbers are spurring further hope of recovery, as experts’ economic predictions were surpassed. Overall, Canada added 43,000 new jobs last month, though most of those are part-time.
Additionally, most of the new positions are in the public sector, rather than driven by private companies.
British Columbia had the highest growth, with 18,000 new positions. Quebec and Ontario had the second and third most new jobs in March, at 15,100 and 13,400, respectively.
B.C.’s numbers were the highest since the fall of 2012, and the unemployment rate of 5.8 percent makes it the fourth most-employed province behind Saskatchewan, Alberta and Manitoba.
Despite the preponderance of part-time positions, economists are pleased that the numbers for March reflect a boost in employment for young Canadians, aged 15-24. They are also stronger than expected during winter months when the economy overall tends to slow down.
Source: Vancouver Sun