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10 Apr 2015
Canada creates 28,700 jobs in March
FXStreet (Mumbai) - The official data released in Canada on Friday showed the economy added 28,700 jobs in March, compared to the expectations of no job additions. In February, the economy had shed 1000 jobs.
Meanwhile, the unemployment rate remained unchanged at 6.8% as expected, while the labor force participation rate ticked higher to 65.9%. Over the first quarter, employment gains totaled 63,000 (+0.4%), the result of more part-time work. In the 12 months to March, employment increased by 138,000 (+0.8%), with most of the growth in full-time work. Over the same period, the total number of hours worked was little changed (+0.1%).
Meanwhile, the unemployment rate remained unchanged at 6.8% as expected, while the labor force participation rate ticked higher to 65.9%. Over the first quarter, employment gains totaled 63,000 (+0.4%), the result of more part-time work. In the 12 months to March, employment increased by 138,000 (+0.8%), with most of the growth in full-time work. Over the same period, the total number of hours worked was little changed (+0.1%).