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Canada's employment holds steady in February

0 Comment(s)Print E-mail Xinhua, March 8, 2025
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OTTAWA, March 7 (Xinhua) -- Canada's employment held steady in February, following three consecutive monthly increases totaling 211,000 in November, December and January, Statistics Canada said on Friday.

On a year-over-year basis, employment was up by 387,000, or 1.9 percent, in February, the national statistical agency said.

According to the agency, the employment rate, the proportion of the population aged 15 and older who are employed, was unchanged at 61.1 percent in February. The employment rate had previously fallen 1.7 percentage points from April 2023 to October 2024, as employment growth was outpaced by population growth.

The unemployment rate was unchanged at 6.6 percent in February, following decreases in December and January. The unemployment rate had previously trended up, rising from 5 percent in March 2023 to reach a recent high of 6.9 percent in November 2024, the agency said.

Total actual hours worked fell 1.3 percent in February, the largest monthly decline since April 2022. Notable winter storms buried parts of Central and Eastern Canada in snow and in total, 429,000 employees lost work hours due to the weather, Statistics Canada said. Enditem

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