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.
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