By Canadian Press

In The News for March 10 : How did Canada’s job market fare last month?

Mar 10, 2023 | 1:17 AM

The Canadian economy added 22,000 jobs last month, far fewer than the 150-thousand jobs created in January.
The jobless rate held steady at a near-record low of five per cent.
Statistics Canada is also reporting the gap between wage growth and inflation is narrowing, with average hourly wages up 5.4 per cent on a year-over-year basis in February and inflation running at 5.9 per cent in January.
The Bank of Canada expects the labour market to ease in the coming months, as higher interest rates slow spending by people and businesses. Meanwhile in Prince George, the unemployment rate climbed to 6.6 percent last month from 5.9 percent in January, and 3.2 percent in February of 2022. The increase, due to fewer people working and more looking for work . 3,500 people were unemployed in PG compared to 1,800 this time last year. 49,800 people were employed in February compared to 54,200 this time last year.