Canada’s unemployment rate remained unchanged at 6.7 percent despite the economy adding 14,000 jobs last month, according to the latest data from Statistics Canada.
While employment and unemployment both held steady in March, this follows a cumulative loss of 109,000 jobs over the first two months of the year, including a decline of 84,000 in February alone.
The latest unemployment rate follows a 0.2 percentage point increase in February to 6.7 percent. It had previously peaked at 7.1 percent in August and September.
Unemployment remained “virtually unchanged” last month among those aged 25 to 54 at 5.8 percent, as well as among those 55 years and older at 4.9 percent, according to the StatCan report released April 10. Youth unemployment was also “little changed” last month at 13.8 percent, following an increase of 1.3 percentage points in February….