The labor market in Canada was stagnant in February, when the employment rose by only one.1 kb, which is far decrease than the anticipated enhance of 17.8 thousand.
The unemployment charge was fastened at 6.6 %, higher than the expectation of 6.7 %, whereas the workforce sharing charge decreased from 65.5 % to 65.3 %, which represents its first lower since September 2024. A noticeable contraction was seen within the complete working hours, which decreased by -1.3 % of my mom.
Though employment numbers are weak, wage progress accelerated, with common wages an hour elevated by 3.8 % on an annual foundation, a rise of three.5 % revenue.
2025-03-07 13:48:31