{"id":70991,"date":"2026-03-13T12:55:21","date_gmt":"2026-03-13T12:55:21","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2026\/03\/13\/canadas-unemployment-rate-rises-to-6-7-as-economy-loses-84000-jobs\/"},"modified":"2026-03-13T12:55:21","modified_gmt":"2026-03-13T12:55:21","slug":"canadas-unemployment-rate-rises-to-6-7-as-economy-loses-84000-jobs","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2026\/03\/13\/canadas-unemployment-rate-rises-to-6-7-as-economy-loses-84000-jobs\/","title":{"rendered":"Canada&#039;s unemployment rate rises to 6.7% as economy loses 84,000 jobs"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<br \/><\/p>\n<p> Canada\u2019s <\/p>\n<p>                        unemployment rate<\/p>\n<p>                        \u00a0rose\u00a0to\u00a06.7\u00a0per cent in February\u00a0as\u00a0the economy <\/p>\n<p>                        shed 84,000 jobs<\/p>\n<p>                         in both\u00a0services-producing and goods-producing industries,\u00a0<\/p>\n<p>                        Statistics Canada said Friday. <\/p>\n<p> Economists had been expecting a gain of 10,000 jobs. <\/p>\n<p> Wholesale and retail trade suffered the most job losses, with 18,000 fewer people working in the sector, while\u00a0\u201cother services\u201d such as personal and repair services lost 14,000 jobs. <\/p>\n<p> The country\u2019s\u00a0employment rate fell\u00a00.2\u00a0percentage points to\u00a060.6 per cent,\u00a0the\u00a0second consecutive monthly decline\u00a0and a hair above the recent low of 60.5 per cent recorded in August 2025. <\/p>\n<p> The participation rate \u2014 the proportion of the population aged 15 and up who were employed or looking for work \u2014\u00a0fell by\u00a00.1\u00a0percentage points to\u00a064.9 per cent in February and was down\u00a00.4\u00a0percentage points compared to a year ago. <\/p>\n<p> The youth unemployment rate rose from 12.8 per cent in January to 14.1 per cent in February, which Statistics Canada said is close to the 14.6 per cent recorded in September 2025, the highest in 15 years (outside of the COVID-19 pandemic). Meanwhile, youth employment fell 1.7 per cent. <\/p>\n<p> The 0.6 per cent decline in full-time jobs in February erased gains from the previous two months and part-time jobs were unchanged. <\/p>\n<p> <em>More to come \u2026<\/em> <\/p>\n<ul class=\"related_links\">\n<li>Canada&#8217;s trade deficit widens as auto trade weakens<\/li>\n<li>Canadian travel to the U.S. down 30% from before Trump&#8217;s tariff war<\/li>\n<\/ul>\n\n<br \/>Canada&#039;s unemployment rate rises to 6.7% as economy loses 84,000 jobs<\/a><br \/>\n<br \/>2026-03-13 12:55:21<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canada\u2019s unemployment rate \u00a0rose\u00a0to\u00a06.7\u00a0per cent in February\u00a0as\u00a0the economy shed 84,000 jobs in both\u00a0services-producing and goods-producing industries,\u00a0 Statistics Canada said Friday. Economists had been expecting a gain of 10,000 jobs. Wholesale&#8230;<\/p>\n","protected":false},"author":2,"featured_media":70992,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/03\/jobs-0313-ph.jpg","fifu_image_alt":"","footnotes":""},"categories":[31],"tags":[],"class_list":["post-70991","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/70991","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=70991"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/70991\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/70992"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=70991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=70991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=70991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}