© Reuters. FILE PHOTO: A job poster is available at Clocktower Brew Pub hanging from a window in Ottawa
OTTAWA (Reuters) -Canada added more jobs than expected in March, while unemployment fell to its lowest level since the pre-pandemic, Statistics Canada data showed Friday .
Driven by a continued recovery in sectors impacted by the January shutdown, Canada added 303,100 jobs in March, triple analysts’ expectations of 100,000. The unemployment rate fell to 7.5%, beating the expected rate of 8.0%.
Manufacturing jobs increased 43,200 jobs, while service employment increased 260,000 jobs. Part-time jobs increased by 128,000, with 175,000 new full-time positions.
Doug Porter, chief economist at BMO Capital Markets, said: “Apparently the economy was much more open than many thought and I think very mild weather has contributed to a strong comeback. This strong ”.
Employment is still 1.5% below pre-pandemic levels, with 296,000 people employed in February 2020 who have yet to return to work.
The Canadian dollar traded almost unchanged at $ 1.2559, or 79.62 US cents, after having recovered its previous decline.
Fusion Media or anyone associated with Fusion Media will not be liable in any way for loss or damage resulting from dependence on information including data, quotes, charts and buy / sell signals contained in the this site. Please be fully informed about the risks and costs associated with trading the financial markets, which is one of the riskiest investments possible.