Canada's Labour Market Loses 2,200 Jobs in March, Unemployment Rate Rises to 6.1%

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Canada,Labour Market,Jobs

Canada's labour market experienced a loss of 2,200 jobs in March, leading to an increase in the unemployment rate to 6.1%. This rise in unemployment was driven by a significant number of individuals searching for work or on temporary layoff. It marks the largest monthly increase since August 2022 and the highest unemployment rate since January 2022.

Canada’s labour market lost 2,200 jobs in March, and the unemployment rate increased to 6.1 per cent, according to Statistics Canada. Canada’s labour market lost 2,200 jobs in March and the unemployment rate increased to 6.1 per cent, Statistics Canada said on Friday.

Economists polled by Reuters had expected a net gain of 25,000 jobs in March, and the unemployment rate to edge up from 5.8 per cent in February to 5.9 per cent.

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