Weak Canadian job growth in March and rising unemployment is the first harbinger of a trade-war induced economic slowdown
Posted by Adam Chahl on
Weak Canadian Job Creation Is The First Fallout From The Trade War
Today’s Labour Force Survey for March was weaker than expected. Employment decreased by 33,000 (-0.2%) in March, marking the first decline since January 2022. The drop followed minimal change in February and a streak of growth in November, December, and January, totaling 211,000 (+1.0%).
The employment rate—the proportion of the population aged 15 and older—fell by 0.2 percentage points to 60.9% in March. This partially reversed a 0.3 percentage point increase seen between October 2024 and January 2025.
Private vs. Public Sector Employment
Private sector employment dropped by 48,000 (-0.3%) in March, following minimal movement in February and a total increase of 97,000 (+0.7%)…
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