Regardless of a 3rd wave of COVID-19, Canada’s unemployment fee fell to a post-pandemic low of seven.5 per cent in March because the economic system added 303,000 jobs, Statistics Canada stated this morning.
That compares to a achieve of 259,000 jobs in February, when the unemployment fee was 8.2 per cent.
Canada’s statistical company stated the economic system added jobs even in a few of the areas hit hardest by the pandemic, together with retail, lodging and meals companies. There have been additionally good points in well being care, development and schooling.
Regardless of the regular good points, the March improve means 296,000 fewer individuals are employed within the Canadian economic system in comparison with February 2020, earlier than COVID-19 started to chew into employment. In different phrases, Canadian unemployment continues to be about 1.5 per cent above pre-COVID ranges.
The influence of a brand new spherical of shutdowns doesn’t seem within the March knowledge, which was collected by the statistical company in the midst of the month.