Statistics Canada announced that the Canadian economy added 35,000 jobs in March, an increase of 0.2%, compared to adding 21,000 jobs in February, while expectations were to add 10,000 jobs.
On the other hand, the unemployment rate stabilized at 5.0%, while it was expected to rise to 5.1%, while the total working hours increased by 0.4%, and increased by 1.6% on an annual basis, and the average hourly wages increased by 5.3% on an annual basis in March.
The largest jobs in January came from Ontario with 21 thousand jobs, Manitoba 33 thousand jobs, and Alberta 14 thousand jobs, while the sectors were distributed in transport and storage 41 thousand jobs, finance, insurance and real estate 19 thousand jobs, while employment declined in the construction sector by 19 thousand jobs, and the natural resources sector lost 11 thousand jobs.