Canada's unemployment rate stable at 7.8% in February

14:16, March 12, 2011      

Email | Print | Subscribe | Comments | Forum 

Statistics Canada announced Friday that Canada's unemployment rate remained unchanged at 7.8 percent in February, with employment edged up only 15,000.

The job creation is far below economists'expectation of 23,500 as the number of full-time jobs fell, and it is the worst performance in three months. In January, there is a strong 69,200 gain in jobs.

Data released by the agency showed that full-time jobs dropped 23,800 in February, with majority of the losses coming in the business, building and other support services group, while part- time employment rose by 38,900.

Employment was up slightly in health care and social assistance and accommodation and food services, with the health care and social assistance group added 18,000 jobs, and accommodation and food services saw a pick-up of 15,000.

Employment in business, building and other support services decreased by 35,000, and was down by 14,000 in public administration.

The loonie weakened immediately after the report but shook off early losses to trade at 102.69 U.S. cents, up 0.19 of a cent from Thursday's Bank of Canada close. And the result also lowers expectations for any early rate hike by the country's central bank.

Source: Xinhua


  • Do you have anything to say?


Special Coverage
  • Survey for 2011 NPC and CPPCC Sessions
  • Focus On China
Major headlines
Editor's Pick
  • 127,100 people evacuated after southwest China's earthquake
  • Shale dye made by folk artist in Tianjin
  • Chinese Ambassador to Japan talks with Seiji Ozawa in Tokyo
  • South China Tiger cub seeks name in China
  • Fourth Session of 11th NPC holds third plenary meeting
  • A sleepless night at quake-stricken Yingjiang
Hot Forum Dicussion