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Canada adds 15,300 jobs in February, unemployment rate lowest since 2008

March 13, 2017

Canada added only 15,300 jobs in February from January with the gain entirely from full-time employment, according to seasonally adjusted numbers released Friday by Statistics Canada. The number of full-time jobs rose by 105,100 in February, the second notable increase in three months following a significant increase in December. Part-time jobs fell by 89,800.

Compared to the same month a year ago, Canadian employment rose by 288,100 jobs in February, an increase of 1.6%, with most of the increase occurring since July 2016. This coincided with stronger economic growth in the second half of 2016.

Total employment in Canada was almost 18.3 million in February. The unemployment rate fell to 6.6% in February from 6.8% in January, matching the rate observed in January 2015 and the lowest since October 2008.

In February, more people were employed in wholesale and retail trade, public administration, and in transportation and warehousing.

Provincially, employment rose in British Columbia, Saskatchewan and Manitoba. In contrast, there were fewer people working in Nova Scotia and in Newfoundland and Labrador. Employment was essentially unchanged in the other five provinces.

Employment in Ontario changed little in February when compared to the previous month as full-time workers offset part-time workers; the province gained 53,000 full-time jobs but lost 48,600 part-time jobs. Ontario’s unemployment rate fell to 6.2% from 6.4%.