In March 2025, Statistics Canada reported a job loss of 33,000 across the economy, indicating the most substantial drop in employment since January 2022. This decline contributed to the unemployment rate rising to 6.7%, a slight increase from 6.6% in February. The figures suggest a challenging landscape for workers and the economy, warranting further analysis of underlying factors influencing this downward trend in employment.
Statistics Canada reported a job loss of 33,000 in March, marking the largest monthly decline since January 2022, with the unemployment rate rising to 6.7%.
The recent job losses reflect a troubling trend in employment, resulting in Canada's unemployment rate increasing to 6.7%, which is a slight uptick from the previous month's rate.
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