Canada sees biggest job gain in half a year in March

Canada saw the biggest job gain in half a year in March. 40 6000 net new jobs were generated in March, which helped drive down the national unemployment rate to 7.1%.

The data showed that 35,300 of March’s net new jobs were full time, 65,100 jobs were created in the private sector, public-sector positions fell by 2,600, and 74,700 net new positions were in the services sector.

In Alberta the provincial unemployment rate fell to 7.1% compared to 7.9% in February.

A consensus of economists had been predicting the country to add 10,000 net jobs overall and for the unemployment rate to stay at 7.3% according to Thomson Reuters.