February hiring surge was enough to push Canada's unemployment rate below where it was before the pandemic started.
After a surge of new jobs in February, Canada's unemployment rate is below where it was before the pandemic started.
Statistics Canada reported Friday that Canada added 337,000 new jobs in February, pushing the jobless rate down to 5.5 per cent. A wave of lockdowns aimed at slowing the spread of the Omicron variant resulted in significant job losses in January, but February's surge was more than enough to offset that.1 month agoWhile Canada lost 200,000 jobs in January because of Omicron, economists say the future should be looking brighter as soon as the pandemic relents, Alison Northcott reports.Sectors that have been hardest hit by COVID rebounded, with the food and accommodation sector adding 114,000 new jobs.
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