Oh wait, you guys hate the economy now.
Canada adds 32,300 jobs in March as unemployment rate stays at record low
OTTAWA—The economy delivered 32,300 net new jobs last month as Canada generated a rush of full-time work that helped keep the national unemployment rate at its record low.
Statistics Canada said Friday the jobless rate stayed at 5.8 per cent in March for a second-consecutive month — and for the third time since December — to match its lowest mark since the agency started measuring the indicator in 1976. The only other time the rate slipped to this level was 2007.
The March gains were driven by a surge in full-time work. The labour-market survey showed the workforce added 68,300 full-time positions, while the number of part-time jobs decreased by 35,900.
The Bank of Canada has repeatedly highlighted wage growth as a key indicator.
Average hourly wage growth strengthened in March to 3.3 per cent, up from 3.1 per cent the previous month, Statistics Canada survey said Friday. Wage growth has been moving upwards since it bottomed out at 0.5 per cent in April 2017.
At Steam Whistle Brewery, Economic Development Minister Steven Del Duca hailed the “fantastic news” in last month’s job numbers.
Full-time jobs in Ontario were up by 16,300 positions in March while part-time jobs were down 5,600 for a net gain of 10,600 new posts.
“Since this time last year we’ve created 129,000 new jobs in Ontario and more than 800,000 jobs since the worst of the recession a decade ago,” said Del Duca, noting Ontario’s unemployment rate stayed at 5.5 per cent, leading the country and as low as it’s been since 2001.
“Unfortunately for Doug Ford and the Doug Ford Conservatives, they will find these facts uncomfortable and troublesome,” he said, blasting the Tories’ “false partisan narrative” that Ontario’s economy is sputtering.
“They can’t — or they won’t admit — that our province is pretty awesome,” said the minister, revving up the rhetoric against the backdrop of a June 7 election.