unemployment rate fell below the February 2020 level.The unemployment rate fell to 5.5 per cent in February compared with 6.5 per cent in the first month of the year.That is the lowest it’s been since it was 5.7 per cent in February 2020 just before the start of the COVID-19 pandemic.
Hundreds of GoodLife Fitness instructors across Canada let go, company says Statistics Canada says the unemployment rate would have been 7.4 per cent last month had it included in calculations people who wanted a job but did not look for one.Statistics Canada also says the proportion of the working age population with a job rose in February to 61.8 per cent, marking the first time that rate returned to its pre-pandemic levels.Overall, the agency says that the labour force in February was 1.9 per cent, or 369,100 jobs, above levels recorded in February 2020.More to come..