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Canada lost an unexpected 84,000 jobs in February, pushing unemployment rate to 6.7%: StatCan
Youth unemployment rose to 14.1%, the highest in 15 years outside the pandemic, with losses seen across multiple sectors including wholesale and retail trade, Statistics Canada reported.
- On Friday, Statistics Canada reported Canada shed 84,000 jobs in February, causing the national unemployment rate to rise to 6.7 per cent.
- Falling participation and full‑time losses drove February's decline, with more than 100,000 full‑time jobs lost, private‑sector employment down 73,000, and young workers aged 15 to 24 losing 47,000 jobs, Statistics Canada said.
- Sectoral data show the wholesale and retail trade sector lost 18,000 jobs and the other services industry shed 14,000, while Quebec lost 57,000 jobs and British Columbia lost 20,000 positions.
- The release comes less than a week before the Bank of Canada's March 18 decision and economists who had expected a 10,000-job gain said the weak print supports a pause in rate hikes.
- After adding 189,000 positions in late 2025, Canada has recorded two consecutive months of job losses to start 2026 and total employment year‑over‑year was little changed with an employment rate of 60.6 per cent.
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Canada Lost 84,000 Jobs in February, Unemployment Rate Rose to 6.7 Percent
The Canadian economy lost a total of 84,000 jobs in February, while the unemployment rate rose 0.2 points to 6.7 percent, according to a new Statistics Canada report. The March 13 report said the decline in employment was primarily due to a drop in full-time and private-sector jobs, with losses concentrated among men aged 25 to 55 and young people aged 15 to 24. Employment levels changed little for core-aged women and those aged 55 and older. St…
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Coverage Details
Total News Sources63
Leaning Left27Leaning Right3Center9Last UpdatedBias Distribution69% Left
Bias Distribution
- 69% of the sources lean Left
69% Left
L 69%
C 23%
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