Economy adds a modest 17,900 jobs as unemployment rate stays put at 8.2 per cent
Posted on : 11-04-2010 | By : admin | In : Uncategorized
0
Apr 09 2010 07:17:00 – Source: BUS [The Canadian Press]
Economy adds a modest 17,900 jobs as unemployment rate stays put at 8.2 per cent
By Julian Beltrame
THE CANADIAN PRESS
OTTAWA _ Canada’s run at adding jobs continued last month, but
the 17,900 gain reported on Friday disappointed expectations of a
bigger pick-up.
The modest addition, all of them in the part-time category,
wasn’t enough to budge the national unemployment rate from 8.2 per
cent.
Even more disappointing is that March saw a decline of 14,200
full-time jobs, which was counter-balanced by a 32,200-increase in
part-time jobs.
Economists had been expecting 26,000 net new jobs in March after
several strong employment reports earlier in the year.
In recent weeks, almost all of Canada’s major indicators have
been positive.
Earlier this week, the Paris-based Organization of Economy
Co-operation and Development, predicted Canada will lead other G7
countries in the recovery with a massive 6.2 per cent growth rate in
the first quarter of 2010.
March’s employment data did contain a sprinkling of strong news,
including that the critical private sector added 42,400 jobs, and
that all the net job gains were employees, rather than in the
self-employment sector.
As well, Statistics Canada noted that the goods producing sector
picked up 39,800 jobs during the month, with construction adding
21,000, and manufacturing and extraction also showing gains.
“Following significant losses (212,000) in manufacturing
employment between October 2008 and June 2009, employment in this
industry has stabilized, with March being the sixth consecutive
month of little or no change,” Statistics Canada stated.
Still, the manufacturing sector remains down 286,000 workers
since October 2008, when the recession hit Canada’s shores.
In March, most of the losses came in the services sector, with
the notable exception of the 38,000 gain in the professional,
scientific and technical services category. Other services, which
included repair and maintenance and laundry services, were down
30,000, and losses also occurred in the business, building and other
support services, and in transportation and warehousing.
Regionally, Ontario and Quebec were responsible for almost all
the national increase in employment, adding 10,300 and 6,300 jobs
respectively.




