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Job market stalls again in February • CRA appointment to board of management • EI recipients increase in December: StatsCan • EI claims stagnant in December • B.C. budget does not propose changesto personal income tax rates
|Canadian Payroll Reporter|Last Updated: 04/03/2012

Job market stalls again in February

OTTAWA (Reuters) —

Canada unexpectedly failed to create any new jobs in February, continuing a trend of stalled employment despite healthy economic growth rates and contrasting with renewed strength in the United States. The net job losses in the month totaled 2,800 compared with the consensus forecast for gains of 14,500, with the biggest declines in retail and wholesale trade. The unemployment rate nonetheless dropped to 7.4 per cent in the month from 7.6 per cent in January, largely because 38,000 people dropped out of the workforce, the biggest such move since January 2009. Canada had recovered all the jobs lost during the recession by early 2011, but the labour market began to stall in the second half of the year and now lags behind U.S. employment, which has taken flight from a prolonged slump. The data comes a day after the Bank of Canada issued a more upbeat outlook for the economy but opted to hold its benchmark interest rate unchanged at one per cent. The report supports analysts’ view that a rate increase may come sooner than previously expected but is not imminent. Statistics Canada said there were 12,000 fewer part-time positions, while full-time jobs grew by 9,100. The public sector shed 13,400 jobs in the month while private sector payrolls shrank by a milder 1,700 positions.

CRA appointment to board of management