Unemployment: Canada loses 7000 jobs in March, unemployment still 5.8%

The unemployment rate held firm last month at 5.8 per cent according to Statistics Canada

The unemployment rate held firm last month at 5.8 per cent according to Statistics Canada

Job growth in health care was particularly strong, adding 49,000 jobs.

The unemployment rate was 5.5 per cent in March, compared to 5.2 per cent in February.

While the number of people working part-time for economic reasons rose slightly from the recovery low hit in February, it is down by nearly 10 percent from its year-ago level.

Analysts in a Reuters poll had forecast a marginal gain of 1,000 jobs in March, following outsized gains in the previous two months, and no change in the unemployment rate. For the March 2018, the accuracy is also plus or minus one percentage point while that for February is plus or minus 1.1 percentage point, both also 34 times out of 50.

The numbers are based on estimates for the week of March 10 to 16.

After months of small increases, the London area's jobless rate has improved by several ticks, down to 5 per cent, just-released Statistics Canada figures show.

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The economy added 2,800 full-time jobs Statistics Canada said Friday in its monthly labour force survey.

"British Columbia's economy continues to lead the country in growth and opportunity with the biggest job gains in the country, showing we can have strong economic performance while investing in people", said B.C. Jobs Minister Bruce Ralston in a statement. The six consecutive months of rising employment, that began in September, added around 300,000 jobs.

Overall, healthcare employment has increased by 398,000 jobs in the last 12 months, according to the bureau.

Why it matters: The province is running against national trends, which saw a slight decline in employment last month.

Across Canada, the unemployment rate did not change.

Notably, for the mortgage and real estate industries, employment in the construction sector - including residential-home construction - rose after a February decline. A year ago, the unemployment rate was 14.4 per cent.

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