Posted by: youngragingbull | March 8, 2013

Canadian Job Report

The Canadian economy added 51,000 new jobs in February with the unemployment rate holding steady at 7% Statistics Canada reported Friday.

According to a consensus of economists by the CBC, the economy was supposed to only gain 8,000 jobs last month.

The gains were broad-based, as the increase was spread between full- and part-time work. More than half of the new jobs came from the private sector.

Gains were fairly consistent across most industries, too. The only major category to post a decline in jobs was manufacturing.

By province, Ontario and British Columbia made up most of the gains, with 35,000 and almost 20,000 new jobs respectively. Manitoba was the lone province to lose jobs, with 3,200 fewer. All other provinces were unchanged or saw slight gains.


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