Canada Jobless Rate Steady at 5.8%


The unemployment rate in Canada was at 5.8 percent in March 2019, unchanged from the previous month and in line with market expectations. It remained the highest jobless rate since October last year for the third consecutive month. Employment declined unexpectedly by 7.2 thousand, against market expectations of a 1 thousand gain. In the first quarter of 2019, employment rose by 116 thousand.

Employment advanced mainly in Saskatchewan (+3,900), New Brunswick (+3,100) and Prince Edward Island (+2,000), while it was almost unchanged in the rest of provinces, including Ontario, Alberta and Quebec. 

More people were employed in finance, insurance, real estate, rental and leasing (+13,000); public administration (+9,600); wholesale and retail trade (+8,400); other services (+6,500); manufacturing (4,500); professional, scientific and technical services (3,900); and transportation and warehousing (+1,900). Meanwhile, employment dropped in health care and social assistance (-20,000); business, building and other support services (-14,000); accommodation and food services (-13,000); information, culture and recreation (-3,200); construction (-2,400); and educational services (-1,400).

The number of employees in the public and private sectors was little changed in March. Also, self-employment held steady.

In March, more people aged 55 and older were employed (+29,000), with the gains evenly split between men and women. For women in the core working ages (25 to 54), employment decreased by 48,000 while for core-aged men was almost unchanged. Additionally, youth employment held steady after two consecutive montly increases.

The labour force participation rate dropped to 65.7 percent from 65.8 percent in the prior month, matching market consensus.

 Canada Jobless Rate Steady at 5.8%


Statistics Canada | Stefanie Moya | stefanie.moya@tradingeconomics.com
4/5/2019 2:10:01 PM