Home Canada: Employment grew 56,000 in February, unemployment stayed unchanged at 5.8%
FXStreet News

Canada: Employment grew 56,000 in February, unemployment stayed unchanged at 5.8%

“Employment grew for a second consecutive month, up 56,000 in February, driven by gains in full-time work,” Statistics Canada reported on Friday.  

Key takeaways from the press release

  • The unemployment rate was unchanged at 5.8% as the number of people searching for work held steady.
  • In the 12 months to February, total employment grew by 369,000 or 2.0%, reflecting increases in both full- (+266,000) and part-time (+103,000) work.
  • Over the same period, total hours worked were virtually unchanged.

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.