Canada’s employment falls -2.2k, unemployment rate jumps to 6.1%

Canada’s employment decreased -2.2k in March, much worse than expectation of 34.5k increase. Unemployment rate jumped from 5.8% to 6.1%, above expectation of 5.9%. Labor force participation rate was unchanged at 65.3%. Average hourly wages rose 5.1% yoy, up from prior month’s 5.0% yoy.

Full Canada employment release here.