60,000 increase in Canadian jobs in February 2019

2019 is treating very well to all the Canadians and the one who’s working there on any visa program. Well, the season of employment is heating up and in the month of February only, there is an addition of 60,000 Canada jobs. The involvement of workers has been increased in the labor market, however, the rate of unemployment has remained at 5.8%. The involvement of the labor force has been increased to 65.8% by 0.2p.p.

Till so far, the collection of Canada jobs has been good, where full-time jobs have ruled the chart with the growth of +67.4K and the part-time jobs has been decreases by 11.6K. The private sector is emerging with the addition of 31.8K roles in full-time Canada jobs column. On the other hand, the public sector has added 8.8k positions.

There is an increase of 15.1k in self-employment. The employment season has surely loved by the Canadian youth ranging from 15-25 years. There was an addition of 28.6K jobs that has brought down the unemployment rate to 10.8% by 0.4p.p.  The exponential gain of jobs in Canada was because of the Services sector with the 46.2K increase. It is followed by the Professional Services sector with 18.3K jobs and the Wholesale/Retail Trade sector with 12.1K addition of jobs.

The exponential gains of jobs in Canada were driven by Ontario and Quebec, for the third continuous month. As stated by the Economic TD, the addition was 36.9K and 14.9K jobs respectively.

The full-time jobs have accelerated a salary hike of 2.2%.  The recent positive gains in the Canadian job market have created the trend at 48.3K monthly. After 2002, this increase has been witnessed.

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