Canada jobless rate falls to 6.6% in February

 

Canada's jobless rate fell slightly to 6.6 percent in February as 15,000 net new jobs were added and fewer people searched for work, the government statistical agency said Friday.

The unemployment rate is the lowest in two years, according to Statistics Canada, and 0.2 percentage points lower than analysts had forecast.

It was also the second "notable" employment gain in three months, the agency said in a statement, suggesting to economists alongside other indicators an uptick in the Canadian economy.

Full-time employment in February rose by 105,000 while part time work fell by 90,000.

The gains were spread mostly among core-aged women (25-54) and men 55 and older, and centered mostly in western Canada province while eastern maritime provinces saw a decline in employment.

Overall, there were more people employed in wholesale and retail trade, public administration and in transportation and warehousing.

By using Yahoo you agree that Yahoo and partners may use Cookies for personalisation and other purposes