Statistics Canada (StatCan) says Canada’s economy added 35,000 jobs last month, while the unemployment rate held steady at five percent for the fourth consecutive month.
The country’s employment rate rose by 0.2 percent, representing an increase of 0.1 percent compared to February, according to the latest StatCan data released on April 6.
The increase in jobs still falls far below that seen in January, in which month the economy added 150,000 new jobs.
Of the new jobs added last month, about 18,8000 of them are full-time positions while around 15,900 of them are part-time jobs.
A number of economists previously anticipated that Canada’s job market would slightly cool this month, with analysts from TD Bank and CIBC saying the country’s unemployment rate would begin rising in March….