Real estate and construction jobs among February's winners

by Steve Randall09 Mar 2020

There were 30,000 extra jobs created in Canada last month, a modest 0.2% increase from the previous month.

Year-over-year the increase was 245,000 or 1.3% according to new data from Statistics Canada with full-time jobs accounting for the majority. Hours worked climbed 2.3% to 34.9 per week, mainly due to their relatively low level in February 2019.

The monthly increase was mostly young workers and focused on Quebec, Alberta, Nova Scotia and Manitoba.

There was a net increase of 4,100 jobs in the finance, insurance, real estate, rental and leasing sector in February compared to the previous month, making a total increase year-to-year of 64,000.

For the construction sector - including home builders - there were almost 8,000 fewer jobs in February month-over-month while the annual increase was more than 49,000.

Best and worst performers
The best performing sector was wholesale and retail trade which rose by 23,000 in February, contributing to year-over-year gains of 57,000 (+2.0%).

Manufacturing added 16,000 jobs compared to January and information, culture and recreation gained 14,000 to return to year-ago levels.

Professional, scientific and technical services; and accommodation and food services; were the two main sectors that posted decreases month-over-month, losing net 15,000 and 13,000 jobs respectively.

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