In February, the Canadian economy gained 41,000 new jobs. However, this is not keeping up with the large increase in the country’s population.
The government’s report on jobs says more people were unemployed last month, with the rate going up to 5. 8 percent
Jobs increased in different industries in the services sector, with the most growth in accommodation and food services.
The economy is not doing well because the interest rates are high. People are not spending as much, and this is causing businesses to sell less. But more people being born and living in an area seems to be balancing out some of those changes, especially in the job market.
The big increase in the number of people has brought more customers and employees to the economy, leading to more jobs in the country.
But other ways of measuring jobs show that the job market is not as strong.
Statistics Canada is focusing more on the number of people who have jobs in their reports to see if it’s going up as fast as the number of people in the country.
The government’s report on Friday said that the number of employed Canadians aged 15 and older has been decreasing for the past five months in a row.
That’s the longest time without any increases in a row since April 2009.
Meanwhile, people in Canada are getting paid more money. Wages were five percent higher than last year, but lower than the 5. 3 percent increase in January.
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