Canada’s jobs market continues to sputter as the economy gave back some of January’s gains by shedding 7,000 workers overall in February, a disappointment to those hoping for a strong start to the year.
The loss was small in relative terms and insufficient to alter the 7.0 per cent unemployment rate.
But after last week’s news of stronger-than-forecasted fourth quarter economic growth, and an encouraging 29,000 employment increase in January, economists had expected that February would also see gains in the order of about 15,000 jobs.
READ MORE: Canadian economy sheds 7,000 jobs
The setback in February continues a pattern of up and down months in the Canadian labour market, which has been virtually stalled since last August. Here’s what you need to know about the February jobs report in one handy graphic.
– With files from the Canadian Press
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