Full-Time Jobs Surge in February

Full-Time Jobs Surge in February

Premier Rachel Notley, speaking from a pipe manufacturing plant in Calgary, says the increase in Alberta's unemployment could be because of people moving here and adding to the workforce.

Employment in natural resources grew by 8,000 Canada-wide in the past month, while public administration positions saw an additional 14,000 spots filled in February.

Also, the price of oil, one of Canada's major exports, was pressured by signs of a slowing global economy.

Job creation in Canada once again blew past expectations with 56,000 positions added in February - majority were full-time. The currency, which touched its weakest in more than two months at 1.3467 on Thursday, traded in a range of 1.3391 to 1.3466.

Stats Canada states that positions in those areas have been up since March 2018 and have risen by 6.8% since last February.

The February surge follows a gain of 66,800 positions in January to give Canada its strongest two-month stretch of job creation since the spring of 2012 - and its best two-month start to a year since 1981, when Pierre Trudeau headed the government.

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Medicine Hat's unemployment rose for a second straight month, according to the most recent report from Statistics Canada.

Canada added approximately 67,400 full-time jobs during February but lost 11,600 part-time jobs. Rounding things out was a 15.1k net increase in self-employment. Canada's economy has added 290,000 jobs since August, the largest six-month increase since the early 2000s.

Year-over-year average hourly wage growth in February for permanent employees was 2.3 per cent, which was up from a reading of 1.8 per cent for January.

The Bank of Canada keeps close watch of several wage indicators ahead of policy decisions on its key interest rate.

The unemployment rate for western Alberta went up last month. The year-on-year rate of gains was a strong 2 percent in February.

While unemployment for the country hasn't changed, there has been a few deviations when looking at the provinces on their own.

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