The Canadian economic system misplaced 2,200 jobs in March whereas the unemployment price rose to six.1 per cent, as extra individuals appeared for work and job progress floor to a halt, Statistics Canada mentioned Friday.
That is up from 5.8 per cent in February and marks the most important enhance within the unemployment price since summer time 2022.
The federal company’s labour pressure survey reveals employment was little modified final month, with jobs shed after modest will increase during the last a number of months.
Job losses have been concentrated in lodging and meals companies, in addition to wholesale and retail commerce, {and professional}, scientific and technical companies.
In the meantime, employment elevated in 4 industries, led by well being care and social help.
Statistics Canada says the rise within the jobless price was pushed by a rise of 60,000 individuals looking for work or briefly laid off.
Common hourly wages rose 5.1 per cent in March, to $34.81 on a year-over-year foundation, after 5 per cent progress in February.
