Canada jobless rate falls to 6.6pc in February

By Afp, Ottawa
11 March 2017, 18:00 PM
UPDATED 12 March 2017, 00:00 AM
Canada's jobless rate fell slightly to 6.6 percent in February as 15,000 net new jobs were added and fewer people searched for work, the government statistical agency said Friday.

Canada's jobless rate fell slightly to 6.6 percent in February as 15,000 net new jobs were added and fewer people searched for work, the government statistical agency said Friday.

The unemployment rate is the lowest in two years, according to Statistics Canada, and 0.2 percentage points lower than analysts had forecast.

It was also the second "notable" employment gain in three months, the agency said in a statement, suggesting to economists alongside other indicators an uptick in the Canadian economy.

Full-time employment in February rose by 105,000 while part time work fell by 90,000.