HomeLive CommentsCanada employment grew 303k in Mar, unemployment rate dropped to 7.5%

Canada employment grew 303k in Mar, unemployment rate dropped to 7.5%

ActionForex
By ActionForex

Canada employment grew 303k, or 1.6% mom in March, well above expectation of 90k. Full time employment rose 175k while part-time employment rose 128k. Employment was then within 1.5% of its prepandemic level in February 2020. Unemployment rate dropped sharply by -0.7% to 7.5%, below expectation of 8.0%. That’s also the lowest level since February 2020.

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