Canada loses more than 7,000 jobs in March — but unemployment rate stable

Click to play video: 'Canada’s 5 most in-demand jobs of 2019'
Canada’s 5 most in-demand jobs of 2019
ABOVE: Canada's 5 most in-demand jobs of 2019 – Jan 25, 2019

The economy shed 7,200 jobs in March after a pair of strong monthly gains that helped Canada to post its best quarter of job creation since late 2017.

Statistics Canada’s labour force survey found the unemployment rate held firm last month at 5.8 per cent.

READ MORE: Here’s why you still can’t get a job — or a raise — despite record-low unemployment

Read next: U.S. shoots down suspected Chinese spy balloon over Atlantic ocean

The March decline follows 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.

Many economists had expected the surprise job-creation surge to lose momentum and the average prediction called for a gain of just 1,000 jobs, according to a poll by Thomson Reuters Eikon.

WATCH: Gender pay gap persists in Canada

Click to play video: 'Gender pay gap persists in Canada'
Gender pay gap persists in Canada

Statistics Canada says 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.

Story continues below advertisement

Year-over-year average hourly wage growth in March was 2.4 per cent, which was up from a reading of 2.3 per cent in February.

More to come

Sponsored content