Even after Canada was hit by third wave of covid 19, its unemployment rate fell to a post-pandemic low

of seven 7.5 percent in March because the economy created 303,000 jobs. That compares with a rise of
259,000 jobs in February, when the percentage was 8.2 percent. The Canadian Bureau of Statistics said
the economy had even created jobs in some of the areas hardest hit by the pandemic, such as retail,
housing and hospitality. There was also growth in the health, construction and education sectors.
Despite steady gains, the March surge means there are 296,000 fewer people employed in the Canadian
economy than in February 2020, before COVID19 began to encroach on employment. The percentage in
Canada fell for the third consecutive month from 7.5% in July to 7.1% in August 2021, slightly below the
market forecast of 7.3%. Since, covid19 pandemic began, this was the lowest unemployment rate, as
most jurisdictions in Canada had implemented the final, or near-final, phase of their public health
reopening plans. The total number of unemployed fell by 81,400, the labor pool increased by 9,000, and
therefore the labor pool participation rate fell by 0.1 percentage point to 65.1%. Employment rose
90,200, the third consecutive monthly increase, but lacked market estimates of 100,000. The increase in
jobs was concentrated in full-time employment (+69,000; + 0.4%).