In February, Canada's unemployment rate rose to 5.8%, employment increased by 41,000, but the employment rate dropped due to population growth outpacing job growth.

In February, Canada's unemployment rate rose 0.1 percentage points to 5.8%, with the labor force participation rate remaining steady at 65.3%. Employment increased by 41,000, but the employment rate dropped by 0.1 percentage points due to population growth outpacing job growth. Women accounted for 47.3% of the Canadian labor force, with 9.7 million women employed. Women held 35.3% of management positions, which has remained unchanged from the previous year.

March 08, 2024
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