Published: Пн, Апреля 08, 2019
Business | By Eloise Houston

New Brunswick unemployment rate falls in March

New Brunswick unemployment rate falls in March

On a year-over-year basis, the province has gained about 175,000 jobs, mostly in full-time work.

U.S. job creation came back to life in March, with a hiring surge in healthcare, bars and restaurants, while unemployment held steady and worker wages continued to climb, government data showed Friday.

Nationally, the unemployment rate remained unchanged at 5.8 per cent in March. The employment-population ratio was 60.6% in March and has been either 60.6% or 60.7% since October 2018.

The numbers are based on estimates for the week of March 10 to 16.

It was only a matter of time before Canada's jobs market cooled after a sharp rise in employment in recent months, particularly as other indicators have showed a much weaker picture.

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The accuracy of last month's unemployment rate is plus or minus one percentage point, 34 times out of 50. The economy added 49,000 health care jobs last month for a total of 398,000 over the last 12 months. Physicians' offices boosted their numbers by 7,000 jobs, up 126% over the prior month, and dentists' offices added 5,100 jobs, up 96%. Computer systems design added 12,000 jobs during the month.

The economy shed 7,200 positions in March after a pair of strong monthly gains to start the year that helped the country still manage to close out its best quarter of job creation since late 2017, Statistics Canada said Friday. Employment continued to trend up in architectural and engineering services (+6,000) and in management and technical consulting services (+6,000).

Even as tightness persisted in the labor market, the U.S. Federal Reserve (Fed) left its interest rates unchanged after concluding a two-day policy meeting on March 20.

Notably, for the mortgage and real estate industries, employment in the construction sector - including residential-home construction - rose after a February decline. With these revisions, employment gains in January and February combined were 14,000 more than previously reported.

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