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Canada adds 20,900 jobs in February

March 12, 2010

Canada added 20,900 jobs in February, according to seasonally adjusted numbers released today by Statistics Canada. The national unemployment rate fell to 8.2% in February from 8.3% in January.

Canada gained 60,200 full-time jobs in February, but the number was partially offset by a loss of 39,300 part-time jobs.

The goods-producing sector added 17,800 jobs and the service sector added 3,100.

Ontario added a total of 7,100 jobs in February. It gained 8,600 full-time jobs but lost 1,700 part-time jobs.

Saskatchewan posted the lowest jobless rate among all provinces in February at 4.3%.

Also, the Royal Bank of Canada on Thursday released a forecast that Canada's gross domestic product would grow by 3.1% in 2010 and 2.9% in 2011. It also forecast Canadian unemployment will average 8.4% in 2010 and drop to an average of 7.7% in 2011.