ROBUST JOB NUMBERS IN CANADA AND U.S.

Mar 10, 2017

By Christine Ross

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Some promising job numbers to report this morning. Canada’s unemployment rate dropped to its lowest level in more than two years last month as fewer people were looking for work and more than 15,000 jobs were added nationally. Statistics Canada says the unemployment rate fell by 0.2 percentage points to 6.6 per cent in February, matching the January 2015 rate. The agency says the national labour market added 15,300 jobs overall last month, higher than analyst expectations. The Statscan report found most of the February job gains came from full time work. The US economy added 235,000 jobs in February, smashing expectations of 190,000 signalling speculation that the central bank will push up interest rates by a quarter of a point.

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