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Canadian Unemployment Rate Drops To 7.2%; 82,000 Jobs Created In March

Canada's unemployment rate unexpectedly fell in March as companies added full-time jobs, according to official data released Thursday.

After four months of stagnation in the jobs market, employment increased by 82,000 in March, mostly in full-time work, Statistics Canada said.

The unemployment rate dropped to 7.2 percent from 7.4 percent. Economists expected only 10,000 new positions to be created, leaving the unemployment rate at 7.4 percent.

Compared with 12 months earlier, employment was up 1.1 percent or 197,000. Almost all of this growth was in full-time employment, the agency said.

by RTT Staff Writer

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