A welder fabricates a steel structure at an iron works facility in Ottawa on Monday, March 5, 2018. The economy shed 7,200 positions in March after a pair of strong monthly gains that helped country still manage to close out its best quarter of job creation since late 2017. THE CANADIAN PRESS/Sean Kilpatrick

Canada posts job-market decline in March that follows big gains to start 2019

The March decline followed monthly increases of 66,800 net new jobs in January and 55,900 in February

The economy shed 7,200 positions in March after a pair of strong monthly gains to start the year that helped the country still manage to close out its best quarter of job creation since late 2017, Statistics Canada said Friday.

The agency’s latest labour force survey found the unemployment rate held firm last month at 5.8 per cent.

The March decline followed monthly increases of 66,800 net new jobs in January and 55,900 in February — which was the country’s best two-month start to a year since 1981.

The employment increase over the first three months of 2019 was the strongest quarter since the final months of 2017.

“The party had to end at some point, since Canadian jobs data had outrun other signposts of economic growth so dramatically, making the small retreat in employment in March not much of a surprise,” CIBC chief economist Avery Shenfeld said in a research note.

Any prolonged stretch of significant job declines would be a concern for Canada, where employment has been one of the few consistent positives in an economy that has shown signs of slowing down in recent months.

Compared with a year earlier, the March report showed that Canada added 331,600 jobs for an increase of 1.8 per cent.

A loss of 6,400 full-time jobs made up the bulk of last month’s decrease, Statistics Canada said.

The number of employee positions in the private sector fell by 17,300 last month, while public-employee jobs increased by 4,200 and self-employed occupations rose by 6,000.

Employment for women in the core working age group of 25 to 54 saw a decrease of 47,600 for its biggest month-to-month decline since the start of the data series in 1976.

Year-over-year average hourly wage growth for all employees in March was 2.4 per cent, which was up from February’s reading of 2.3 per cent. For permanent employees, wage growth was 2.3 per cent, an increase from the previous reading of 2.25 per cent.

Many experts had expected the surprise job-creation surge at the start of the year to lose momentum. The average economist estimate had predicted a gain of 1,000 jobs, according to a poll by Thomson Reuters Eikon.

Andy Blatchford, The Canadian Press


Like us on Facebook and follow us on Twitter.

Just Posted

Some of Golden’s top stories in a Mountain Minute

Your Mountain Minute for April 18

TSB makes two safety advisories in probe of fatal train derailment near Field

The train derailment killed three crew members on board

There are many ways to be a sustainable consumer in Golden

Many people are coming up with ways to connect businesses and consumers… Continue reading

Fruitvale man identified in fatal zipline accident in Thailand

Spencer Donaldson, 25, was from Fruitvale, B.C., the city’s mayor has confirmed

Sri Lanka invokes war-time military powers after nearly 300 killed in Easter bombings

Sri Lanka’s minister of tourism says 39 foreign tourists were killed in the Easter Sunday attacks

Deadly synthetic drug found in Kamloops that puts users in ‘zombielike’ state

Interior Health warning says substance causes ‘speedy, trippy-like symptoms’ and hallucinations

Trudeau to be portrayed on ‘Simpsons’ episode

Toronto journalist who’s posted videos of himself doing impressions of the PM voiced him for the show

Elizabeth May’s wedding dress a ‘walk through a garden’ on Earth Day

Green Party leader set to get married in Victoria

Bodies of 3 mountain climbers recovered after last week’s Banff avalanche

The men disappeared while attempting to climb the east face of Howse Peak in the Icefields Parkway

Happy birthday: Queen Elizabeth II turns 93 on Easter Sunday

Sunday is the first of two birthday celebrations each year for the queen

RCMP confirm witnesses say body found at Kelowna’s Gyro Beach

Police tape is blocking part of the beach and several RCMP officers are on scene.

B.C. fire department rescues kittens

Enderby homeowner not aware kittens in wood pile near garbage pile fire that got out of hand

Most Read