Canada jobless rate holds at 5.8pc in Feb | 2019-03-10 |

Canada jobless rate holds at 5.8pc in Feb

10th March, 2019 01:38:38 printer

OTTAWA: Canada added 56,000 mostly full-time jobs in February, but the unemployment rate remained unchanged at 5.8 percent, the government statistical agency said Friday.

Coming on the heels of a jobs surge at the start of the year, economists had forecast a slight drop in the unemployment rate, reports AFP.

But only Ontario — the most populous region and an economic hub — saw an uptick in jobs in the month, according to Statistics Canada. The Western prairie province of Manitoba shed 3,300 net jobs, while others saw no real change.

Following a string of interest rate hikes over the past year from a near record low, and then a pause, Shenfeld said.