📈The unemployment rate in March rose to 6.1%, the highest level in over two years.
💼Job growth in Canada has stalled, with approximately 2200 jobs lost.
👨🎓Youth unemployment has increased, reaching the highest level since September 2016.
🛠️Sectors such as accommodation and food services, wholesale and retail trade, and professional scientific and technical services have experienced job losses.
🏥The healthcare and social assistance sector has seen an increase in employment.
What is the current unemployment rate in Canada?
—The current unemployment rate in Canada is 6.1%, the highest level in over two years.
How many jobs were lost in March?
—Approximately 2200 jobs were lost in March.
What is the youth unemployment rate?
—The youth unemployment rate is just under 13%, the highest level since September 2016.
Which sectors have experienced job losses?
—Sectors such as accommodation and food services, wholesale and retail trade, and professional scientific and technical services have experienced job losses.
Which sector has seen an increase in employment?
—The healthcare and social assistance sector has seen an increase in employment.
00:00The unemployment rate in March rose to 6.1%, the highest level in over two years.
00:19The economy dropped approximately 2200 jobs, leading to a total of 1.3 million unemployed Canadians.
00:50Youth unemployment has reached the highest level since September 2016, with a rate of just under 13%.
02:55Sectors such as accommodation and food services, wholesale and retail trade, and professional scientific and technical services have experienced job losses.
03:23The healthcare and social assistance sector has seen an increase in employment.
