The number of jobs in Canada unexpectedly rose in February

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The employment rate in Canada rose by 55,900 people in February after an increase of 66,800 in the previous month, official statistics show. The increase in this figure in the first two months is observed for the first time since 1981. In the six months to February, the most significant growth in number of jobs since the early 2000s was recorded. The figure for this time reached 290 thousand. The increase in the number of jobs indicates a rise in the labor force, while the unemployment rate in the country remained unchanged at the January level of 5.8%. In the non-agricultural sector, the number of jobs increased by 20 thousand. Wage growth for regular employees accelerated in February to 2.2% from 1.8% a month earlier. Based on this news, the Canadian dollar added 0.4%.

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