Canada Jobless Rate At 2-Year Low Of 6.6%
The unemployment rate in Canada decreased to 6.6 percent in February of 2017 from 6.8 percent in the previous month and below market expectations of 6.8 percent. It was the lowest jobless rate since January of 2015. Employment rose by 15.3 thousand, beating market consensus of a 2.5 thousand increase.
Full time employment jumped by 105.1 thousand, following a 15.8 thousand increase in January. Part time employment fell by 89.8 thousand after a 32.4 thousand gain in the previous month.
3/10/2017 1:51:38 PM
The employment growth was recorded mainly in the service sector, with increases in retail and wholesale trade (by 19100) and public administration (by 11900).
Meanwhile, the labor force participation rate fell to 65.8 percent from 65.9 percent in the previous month.