Canada's Job Market Sheds 84K Positions in February
Edmonton News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Canadas job market cooled off in February, with a significant loss of 84,000 positions and an increase in the unemployment rate to 6.7%. The hardest hit were men aged 25-54 and young people between 15-24. Job losses were widespread across goods-producing and services sectors, including a notable 18,000 jobs in wholesale and retail trade. However, average hourly wages rose by 3.9% from last year, offering some relief. Economists will closely monitor this trend as more data is expected soon.
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