NEWS

7,000 jobs lost in February, unemployment stays at 7%

03/07/2014 08:39 EST | Updated 05/07/2014 05:59 EDT
Canada lost about 7,000 jobs in February but the unemployment rate stayed steady at seven per cent, Statistics Canada reported Friday.

Analysts had estimated about 16,000 jobs would be added.

Much of the losses came from public sector jobs, where the figure declined by almost 51,000 people, the agency said. That was offset by gains of 35,000 and 8,000 in the private sector and among the ranks of those self-employed.

The decline brings the rolling total for the past twelve months to 95,000 net new jobs over the past year. That's weak growth by historical standards.

There were, however, a few somewhat bright spots underneath the gloomy looking headline figure.

A lot of the jobs lost were part-time, while full-time employment rose by 18,900.

Regionally, Quebec and British Columbia both had employment declines — 25,500 and 10,400 respectively — while Alberta and Nova Scotia saw gains of 19,000 and 2,900.

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