Canada adds 14,100 jobs in March as unemployment holds at 6.7%
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Canada’s labour market posted a modest rebound in March, with the economy adding 14,100 jobs while the unemployment rate held steady at 6.7%. The employment rate was unchanged at 60.6%, suggesting the improvement was real but still limited in scale.
The March gain followed a cumulative loss of 109,000 jobs in January and February, which means the latest report points more to partial recovery than to a decisive turnaround. Statistics Canada said employment rose in “other services” by 15,000 and in natural resources by 10,000, while finance, insurance, real estate, rental and leasing lost 11,000 jobs. Full-time and part-time employment were both little changed in the month.
On wages, Statistics Canada reported that average hourly pay among employees rose 4.7% year over year to C$37.73 in March, the fastest growth since October 2024. Reuters also reported that average hourly wages for permanent employees, a measure closely watched by the Bank of Canada, increased 5.1% from a year earlier.
Taken together, the March report offered a better headline than February’s sharp decline, but it did not fully erase signs of softness in hiring after a weak start to the year. That is what makes it the strongest economic front-page story today: it speaks directly to jobs, wages and household pressure.
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Tahani Elghazaly5351 Posts
