OTTAWA — The economy shed 33,000 jobs in March, the biggest loss since January 2022, while the unemployment rate ticked higher, Statistics Canada said Friday. Read More
OTTAWA — The economy shed 33,000 jobs in March, the biggest loss since January 2022, while the unemployment rate ticked higher, Statistics Canada said Friday. The agency said the unemployment rate for March rose to 6.7 per cent compared with 6.6 per cent in February. The hit came amid increased uncertainty caused by U.S. tariffs
OTTAWA — Statistics Canada says the economy lost 33,000 jobs in March, the biggest loss since January 2022, while the unemployment rate ticked higher.
Article content
Recommended Videos
Article content
The agency says the unemployment rate for March rose to 6.7 per cent compared with 6.6 per cent in February.
The drop in jobs reverses some of the gains made by the economy at the end of last year and into January.
The overall decrease came as 62,000 full-time jobs were lost in the month, offset by a gain in part-time employment.
The wholesale and retail trade sector lost 29,000 jobs in March, partly offsetting an increase of 51,000 in February.
The information, culture and recreation sector lost 20,000 jobs.
Advertisement 2
Advertisement
Article content
Article content
Discover more from World Byte News
Subscribe to get the latest posts sent to your email.
Join the conversation