More people working in Windsor, not enough to boost jobless rate

More people working in Windsor, not enough to boost jobless rate

"This is a very strong indication of employer confidence, to create that many full-time jobs", said Derek Holt, vice president of capital markets economics at Scotiabank. "I think the Bank is pretty much on hold and this shows the economy has some underlying resilience", he said, adding a rate cut was unlikely "any time soon". The unemployment rate was unchanged at 5.8 percent, in line with forecasts, while wage growth was up.

"As you know, the report that's out today shows that the number of jobs in Alberta has actually increased modestly month-over-month, but we're continuing to attract workers from across the country to Alberta".

The report by Statistics Canada also shined a spotlight on the participation rate of women in the workforce.

For Canada as a whole, the jobless rate stayed at 5.8 per cent, after the addition of 56,000 jobs. Reinforced by both the weak end to 2018 and Bank communication this week, seemingly solid job trends over the a year ago or so have not been translating into consumer spending. It was the third month of outsized job gains in the last four and, for the first time since 2012, total Canadian job gains beat USA employment growth, which nearly stalled in February with just 20,000 jobs created.

Canada added approximately 67,400 full-time jobs during February but lost 11,600 part-time jobs.

Job growth in professional, scientific and technical services led employment growth, up by 18,000 jobs in February and increasing notably for the third time in four months. The sector employed 43,400 people in February, according to Statistics Canada, up from 42,500 a month earlier - its sixth consecutive month of gains.

More young Canadians, between the ages of 15 and 24 years old, found work last month as youth employment gained 28,600 positions.

The Bank of Canada's benchmark interest rate is at 1.75 percent.

Year-over-year average hourly wage growth in February for permanent employees was 2.3 per cent, which was up from a reading of 1.8 per cent in January.

By region, Ontario saw the biggest employment increase last month with the addition of 36,900 jobs. Over the past year, employment in the industry has grown by 6.8 per cent.

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