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Canadian labour market recovers as pandemic-related as health measures lifted in several provinces

On March 11, 2022, Statistics Canada published Labour Force Survey results that indicate the recovery of the Canadian labour market. According to the report, in February, employment climbed 337,000 (+1.8%), and the unemployment rate dropped 1.0 percentage points to 5.5%. This indicator is lower than in February 2020 (5.7%) and close to the record low (5.4%) observed in May 2019. The increase in the employment rates was widespread across provinces and demographic groups and was most notable in the accommodation and food services, information, culture, and recreation industries.

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