Canada’s unemployment rate hits peak in February 2024

OTTAWA (ANTARA) – Canada’s unemployment rate increased by 0.1 percentage point to 5.8 percent, offsetting the decline recorded in January 2024, the Canadian statistics agency said (Statistics Canada), Friday (8/3).

According to the national statistics agency, the unemployment rate has remained relatively stable in recent months, at 5.8 percent in three of the last four months.

At the same time, the activity rate, that is to say the proportion of people aged 15 and over who are working or looking for work, remained stable at 65.3% in February.

Employment increased by 41,000 in February 2024. The employment rate decreased 0.1 percentage points to 61.5 percent as population growth continued to outpace employment growth.

As of February, according to the agency, women made up 47.3 percent of the Canadian workforce, with 9.7 million women working.

Women made up 35.3% of all workers in management positions in 2023, the same number as in 2022, and only a slight change from the 2017 to 2019 average.

Additionally, nearly a third of workers in legislative and senior management positions will be women by 2023, it says. Statistics Canada.

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