Jobs in many Canadian regions There has also been significant rise in employment in Alberta, Nova Scotia and Manitoba. Nothing else was changed to the rest of the country.
Alberta had 11,000 people employed last month, mainly by young people. There was no improvement in unemployment at 7.2%. Similar to last year, jobs in Alberta has been pretty much unchanged.
Across the east coast of Canada, jobs in Nova Scotia jumped by 3,700. The unemployment rate climbed from 0.4% to 7.8%. There was no improvement in jobs in Nova Scotia relative to 12 months ago.
While the unemployment rate in Manitoba stayed largely frozen at five per cent, about 3,200 more people worked in February. Manitoba has seen a pullback in jobs since December. From last year, employment in the Canadian Prairie Region has risen by 1.5 per cent.
The employment rate in New Brunswick was static last month and unemployment dropped to 6.9%.
Throughout British Columbia (B.C.) and Ontario, the unemployment rate rose as more citizens looked for jobs. B.C. national rate was 5% and the unemployment rate in Ontario was 5.5% in February.
Prince Edward Island (PEI) witnessed a minor rise in the employment rate and an improvement in the unemployment rate by 0.5 percentage points to 8 per cent.
Both January and February, Newfoundland and Labrador stayed largely unchanged. Jobs and unemployment also risen significantly. The national rate is currently 12%.
Unemployment in Saskatchewan rose significantly to 6.2%, but the employment levels stayed the same.
Global economic instability may impact the coming labour force In recent weeks, the rise of Coronavirus has raised instability both in Canada and abroad.
Last week, the Bank of Canada reduced its overnight interest rate to help reduce future damaging effects on Canada’s economy.
Global oil markets have also collapsed as a consequence of a market war between major producers, such as Saudi Arabia, which is also expected to have an adverse effect on Canada’s economy, especially in oil-rich provinces such as Alberta.
Such causes will result in a lower number of jobs in Canada in the near future.
