Canada’s labour markets pumps out 19,400 jobs in March
Manufacturing sector adds 24,400 positions, mostly in Ontario and Alberta.
OTTAWA — The nation’s labour market pumped out another 19,400 net jobs last month – and the vast majority of the new work was full-time.
However, Statistics Canada’s job survey also showed the bulk of those new positions were created in the more precarious category of self-employment, which can include people working for a family business without pay.
The report found that 95% of all new jobs created last month were full-time. But it also found that 95% of all new jobs were self-employed positions.
The agency says the country’s unemployment rate crept up in March to 6.7% from 6.6% because more people were looking for work.
The increase in the number of jobs suggests the country’s upward trend continued for a fourth consecutive month. But the gains in February and March were low enough that the agency deems them statistically insignificant.
Compared with a year earlier, the categories of full-time and part-time work have each increased 1.5%.
“Overall, this is just yet another piece of evidence that the economy has broken out of its two-year lull, a breakout that appears to have started around the middle of 2016,” BMO chief economist Douglas Porter said in a note to clients.
“Even so, we suspect that the Bank of Canada will continue to accentuate the downside risks in next week’s monetary policy report, and one mixed jobs report is not going to make a dent in their view.”
The country lost 2,400 positions in the services sector last month, but added 21,800 factory jobs thanks to the biggest month-to-month surge in manufacturing work since 2002.
The manufacturing sector added 24,400 positions – mostly in Ontario and to a lesser degree in Alberta – to climb back up to the same level it was 12 months earlier.
Still, compared with its peak in the early 2000s, the manufacturing sector has about 630,000 fewer jobs, a drop of 27%, Statistics Canada said.
Alberta easily saw the biggest overall job boost among provinces, adding 20,700 full-time jobs last month. At the other end of the spectrum, Quebec shed 17,800 full-time positions.
The number of private-sector jobs rose 13,700 between February and March, while public-sector positions dropped by 12,700.
Economists had expected job gains of 5,000 last month and for the unemployment rate to increase to 6.7%, according to Thomson Reuters.