Montreal unemployment rate up slightly from January, down from a year ago

B.C. continues to lead the country with the lowest unemployment numbers of any province

B.C. continues to lead the country with the lowest unemployment numbers of any province

Lethbridge region was one of only 2 economic regions in the province where the unemployment rate went up in February. In December, only 20,300 people were working in the city and the unemployment rate sat at 8.6 per cent.

A year ago, the rate here was 6.6 per cent. Poor economists considered and data on wage growth, as the growth rate decreased from 3.3% in January to 3.1% in February.

The economy added 15,400 net new jobs last month and the unemployment rate edged down to 5.8 per cent - but the gains were due to a surge in part-time work that offset a heavy decline in full-time positions.

Canada's labor market eked out 15,400 new jobs in February but continued to struggle as the number of full-time jobs contracted by almost 40,000, according to a government report released Friday. Average hourly wages for permanent employees rose by 3.1 percent from last February, down from the 3.3 percent year-over-year increase in January.

According to the Bank of Canada's calculations, the national and productivity accounts showed wage inflation below the labour-force survey's 3.1 per cent growth.

Donald underlined a couple of key indicators from the jobs report: The upward trend for hours worked, which suggests continued strong demand for labour in the economy as well as average wage growth that's still hovering around three per cent, suggesting more Canadians are benefiting from the healthier market.

Wednesday, after ushering in three interest rate hikes since last summer, the Bank of Canada held its benchmark rate at 1.25 per cent.

The country lost 39,300 full-time jobs and generated 54,700 part-time positions last month, the report said. That was down a tad from 4.8 per cent in January.

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