August 18, 2022 20:01 (IST)

Canada's unemployment rate hits record low as economy adds 72,500 jobs in March: Statistics Canada
Ottawa/IBNS: With the addition of 72,500 jobs in March, Canada's unemployment rate fell from 5.5 per cent to 5.3 per cent, its lowest rate on record comparable to data going back to 1976, the agency said. reported Statistics Canada on Apr 8.
The unemployment rate would have been 7.2 per cent, says Statistics Canada if it was to calculate people who wanted a job but did not look for one, the reasons for which varied.
The gains were concentrated in Ontario and Quebec which added 35,000 and 27,000 new jobs, respectively, Statistics Canada says.
The growing demand for workers has also caused a surge in average wages by 3.4 per cent in the year up to March up from 3.1 per cent in February.
(Reporting by Asha Bajaj)
Latest Headlines
China's youth jobless rate hits a record high of 19.9% Thu, Aug 18 2022
Chinese anime fan allegedly detained, interrogated by police for wearing traditional Japanese dress Thu, Aug 18 2022
Ex-Pakistan PM Imran Khan owns Rs 304m assets Thu, Aug 18 2022
Huge explosion rocks Kabul Mosque, many feared killed Thu, Aug 18 2022
400 Afghan families receive assistance from China Wed, Aug 17 2022
Rohingya refugees share concerns with UN rights commissioner during visit to Cox’s Bazar Wed, Aug 17 2022
US first lady Jill Biden tests COVID-19 positive Wed, Aug 17 2022