Canada added 56,000 jobs last month, blowing past expectations

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Canada added 56,000 jobs last month, blowing past expectations

by admin - 1 min read

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Canada’s economy added 56,000 jobs in February, and most were full time, Statistics Canada reported Friday.

Economists had been expecting a flat showing for the month, with a little over 1,000 new jobs. But the numbers blew past those expectations thanks to a surge of full-time jobs.

A total of 67,400 full-time positions were added during the month but 11,600 part-time jobs were shed, accounting for the 56,000 net total.

Almost all the new jobs came in Ontario, which added 59,000 full-time positions. Everywhere else, the job market was relatively flat.

Overall, Canada’s jobless rate held steady at 5.8 per cent as there were also more people looking for work.

This story originally appeared on CBC

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