Modest March jobs growth stems ‘bleeding’ in the labour market: economists
Canada's labour market showed modest growth in March, with employers adding 14,000 jobs and the unemployment rate remaining unchanged at 6.7%. The growth was led by the 'other services' category, while the manufacturing sector has shed 44,000 positions year-over-year due to tariffs imposed by the US.
Canada's labour market saw little improvement in March. Employers added 14,000 jobs, in line with expectations. The unemployment rate remained at 6.7%. Growth was led by 'other services', including repair and maintenance work. The manufacturing sector has lost 44,000 jobs year-over-year due to US tariffs. Average hourly wages rose 4.7% year-over-year, but this growth is not expected to last.
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