Canada loses 83,900 jobs in February as unemployment rises to 6.7%
https://www.westernstandard.news/news/canada-loses-83900-jobs-in-february-as-unemployment-rises-to-67/71871
Canada’s economy lost a net 83,900 jobs in February, while the unemployment rate increased to 6.7%, according to data released Friday by Statistics Canada.
Job losses occurred across both goods-producing and service sectors. Statistics Canada said the scale of the monthly decline has not been seen in nearly 17 years, excluding the months of pandemic lockdowns.
The results fell short of economists’ expectations, which had projected a gain of about 10,000 jobs and an unemployment rate of 6.6%. In January, the economy lost 24,800 jobs while the unemployment rate declined to a 16-month low of 6.5%.
Over the past two months, Canada has shed a total of 109,000 jobs. That loss nearly offsets the gains of 189,000 jobs recorded between September and December.
Recent weakness in the labour market has coincided with slower economic growth and the impact of tariffs imposed by U.S. President Donald Trump on sectors including steel, autos, lumber and copper.
Economists and the Bank of Canada have warned that additional job losses could occur as businesses delay investment and implement layoffs in response to economic uncertainty.
Youth unemployment rose to 14.1% in February, close to the highest level recorded in September 2025, Statistics Canada reported. Employment among core-aged workers between 25 and 54 also declined, falling by 37,000 — the largest drop since January 2022. Continue…