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Canada’s unemployment bleak in March, 54,500 jobs disappear

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Statistic Canada has revealed Canada’s unemployment picture was bleak in March, with 54,5000 fulltime, private sector jobs disappearing. The country’s unemployment rate was 7.2 per cent.

Manitoba’s unemployment rate was five per cent, up .1 per cent from February. In Winnipeg, the unemployment rate sat at 5.4 per cent.

The unemployment rates were highest in Newfoundland at 12.3 per cent and lowest in Saskatchewan at 3.9 per cent.

The national drop in jobs was unexpected and is the largest since February 2009. The only gain was in the less desirable self-employment category, where almost 39,000 Canadians created their own employment, likely an indication many could not find permanent work.

 

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