Thursday, February 29, 2024

Canada: Unemployment rate returns to prebandom level

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Financial trend analysis

Unemployment returns to Canada at prebandom levels.

Unemployment returns to Canada on a prebandemic level. According to Statistics Canada (National Statistics Organization of Ottawa), the unemployment rate in February fell to 5.5% from 6.2% in January (6.0% in November and December), compared to 6.0% in Reuters. In February 2020, this number was less than 5.7% before the outbreak of the corona virus infection. A total of 336,600 jobs were created in Canada last month, losing 200,100 in January (a positive balance of 78,600 in December) and more than the 160,000 expected by economists.

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Bruno Lawrence
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