A welder fabricates a steel structure at an iron works facility in Ottawa on Monday, March 5, 2018. The economy shed 7,200 positions in March after a pair of strong monthly gains that helped country still manage to close out its best quarter of job creation since late 2017. THE CANADIAN PRESS/Sean Kilpatrick

Canada posts job-market decline in March that follows big gains to start 2019

The March decline followed monthly increases of 66,800 net new jobs in January and 55,900 in February

The economy shed 7,200 positions in March after a pair of strong monthly gains to start the year that helped the country still manage to close out its best quarter of job creation since late 2017, Statistics Canada said Friday.

The agency’s latest labour force survey found the unemployment rate held firm last month at 5.8 per cent.

The March decline followed monthly increases of 66,800 net new jobs in January and 55,900 in February — which was the country’s best two-month start to a year since 1981.

The employment increase over the first three months of 2019 was the strongest quarter since the final months of 2017.

“The party had to end at some point, since Canadian jobs data had outrun other signposts of economic growth so dramatically, making the small retreat in employment in March not much of a surprise,” CIBC chief economist Avery Shenfeld said in a research note.

Any prolonged stretch of significant job declines would be a concern for Canada, where employment has been one of the few consistent positives in an economy that has shown signs of slowing down in recent months.

Compared with a year earlier, the March report showed that Canada added 331,600 jobs for an increase of 1.8 per cent.

A loss of 6,400 full-time jobs made up the bulk of last month’s decrease, Statistics Canada said.

The number of employee positions in the private sector fell by 17,300 last month, while public-employee jobs increased by 4,200 and self-employed occupations rose by 6,000.

Employment for women in the core working age group of 25 to 54 saw a decrease of 47,600 for its biggest month-to-month decline since the start of the data series in 1976.

Year-over-year average hourly wage growth for all employees in March was 2.4 per cent, which was up from February’s reading of 2.3 per cent. For permanent employees, wage growth was 2.3 per cent, an increase from the previous reading of 2.25 per cent.

Many experts had expected the surprise job-creation surge at the start of the year to lose momentum. The average economist estimate had predicted a gain of 1,000 jobs, according to a poll by Thomson Reuters Eikon.

Andy Blatchford, The Canadian Press


Like us on Facebook and follow us on Twitter.

Just Posted

RCMP Report

Some of the more interesting callouts for Columbia Valley RCMP

Latest round of Columbia River Treaty talks wrap up in Cranbrook

Federal, provincial, U.S. and Indigenous representatives recently met for eight round of discussions

First Nations given max compensation for Ottawa’s child-welfare discrimination

2016 ruling said feds didn’t give same funding for on-reserve kids as was given to off-reserve kids

Come run for Terry this Sunday

Terry Fox Run in Invermere raises funds for cancer research

Council rejects water bottling plant in current spot

Cites possibility to having facility built at another location in the village

VIDEO: Drone footage documents work to free salmon at Big Bar landslide

Video shows crews working to remove rocks and wood, and transporting salmon by helicopter

Defense says burden of proof not met in double murder case against Victoria father

Closing statements begin in trial for man accused of killing daughters Christmas 2017

B.C. dog breeder banned again after 46 dogs seized

The SPCA seized the animals from Terry Baker, 66, in February 2018

Surrey mom allegedly paid $400,000 for son in U.S. college bribery scam

Xiaoning Sui, 48, was arrested in Spain on Monday night

B.C. population on pace to fall behind Alberta

Provincial population could reach almost seven million in 2043, but Alberta is growing faster

Three dogs found shot dead in Prince George ditch

The three adult dogs appeared to be well cared for before being found with gunshot wounds, BC SPCA says

B.C. party bus company to be monitored after 40 intoxicated teens found onboard

Police received tip teens and young adults were drinking on party buses and limousines in Surrey

Rick Mercer calls out Conservative candidate in B.C. for fake meme

‘Not true. All fake. Please Stop,’ tweeted Rick Mercer in response

Bear killed in Kimberley after chasing girl, wreaking havoc on town

This particular brown-coloured bear has been the subject of many calls this summer; very food habituated, CO says

Most Read