A steel worker builds a structure in Ottawa on March 5, 2018. (Sean Kilpatrick/The Canadian Press)

Canada sees second straight monthly employment surge with 55,900 net new jobs

Canada’s February surge followed an even bigger gain of 66,800 positions in January

The labour market generated a second straight month of strong job gains in February with the creation of 55,900 net new positions, all of which were full time, Statistics Canada said Friday.

The Canadian increase even outpaced job creation in the United States, where figures showed an increase of just 20,000 new positions last month.

Canada’s February surge followed an even bigger gain of 66,800 positions in January. The back-to-back results gave 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.

Even with the increase, the unemployment rate held firm last month at 5.8 per cent as more people hunted for work, the agency said in its latest labour force survey.

The addition last month of 67,400 full-time jobs more than offset a loss of 11,600 part-time positions, the data showed. The agency said the number of more desirable employee positions in the private sector climbed by 31,800 last month, while public sector jobs rose 8,900. The number of self-employed increased by 15,100.

Overall, the employment increase was led by a gain of 46,200 positions the services sector, largely concentrated in the categories of professional, scientific and technical services, public administration and wholesale and retail trade.

READ MORE: Unemployment rate sticks at 43-year low of 5.6%

The goods-producing sectors added 9,500 new positions following job gains in natural resources, agriculture and manufacturing.

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 in January.

The Bank of Canada keeps close watch of several wage indicators ahead of policy decisions on its key interest rate. In particular, the central bank focuses on a reading called “wage common,” which incorporates payroll data from several sources, not just from the labour force survey.

On Thursday, Bank of Canada deputy governor Lynn Patterson said she expects economic growth — which has seen an abrupt deceleration in recent months — to build fresh momentum in the second half of the year, thanks in large part to the still-strong employment conditions and improving wages.

Over the 12-month stretch leading up to February, total employment rose by 369,100 jobs or two per cent.

More young Canadians, between the ages of 15 and 24 years old, found work last month as youth employment gained 28,600 positions. The increase helped the youth jobless rate move down to 10.8 per cent, from 11.2 per cent in January.

By region, Ontario saw the biggest employment increase last month with the addition of 36,900 jobs.

Andy Blatchford, The Canadian Press

Like us on Facebook and follow us on Twitter.

Just Posted

Chilliwack lagging real estate sales mirrors provincial trend

Forecast for 2019 is a drop from 2018 but a bounce back predicted for 2020

Good things cooking at Barn Burner BBQ event this Sunday in Yarrow

Fifth annual event in Chilliwack raises funds for the Full Cupboard

Chat with a Chilliwack cop over coffee

Public invited to informal meeting with local officers at Harvest on July 23

Young musicians get chance to win opening act spot at Chilliwack Fair

Three finalists will vie for top spot at the Fair’s Saturday night show

Getting a new ‘Gig’ easier with new innovative program in Chilliwack

Program will take 12 young adults and help them prepare for their career path

VIDEO: B.C. MLA Michelle Stilwell takes first steps in nearly 30 years

‘It actually felt like walking. It’s been 27 years… but it felt realistic to me’

Report of dead body in B.C. park actually headless sex doll

This discovery, made at Manning Park on July 10, led police to uncovering two other sex mannequins

Grand Forks fire chief found to have bullied, harassed volunteer firefighter: report

WorkSafeBC, third-party human resources investigation looking into allegations complete

Dog recovering after being drenched in hot coffee, B.C. man charged

Man was taken into custody, charged, and released pending a court date

Taekwondo instructor, 21, identified as B.C. bat rabies victim

Nick Major, 21, an instructor at Cascadia Martial Arts in Parksville

Science expedition to Canada’s largest underwater volcano departs Vancouver Island

Crews prepared for a two-week research mission to the Explorer Seamount

B.C. shipyard to get one-third of $1.5 billion frigate-repair contract

The federal government has promised to invest $7.5 billion to maintain the 12 frigates

Worried about bats? Here’s what to do if you come across one in B.C.

Bat expert with the BC Community Bat Program urges caution around the small creatures

B.C. on right road with tougher ride-hailing driver rules, says expert

The provincial government is holding firm that ride-hailing drivers have a Class 4 licence

Most Read