"Northern tiger" cranking out jobs

55,000 new jobs created in February, unemployment rate 7.4 per cent
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|hrreporter.com|Last Updated: 03/11/2003

The Canadian economy, called a "true northern tiger" by Finance Minister John Manley during his budget speech last month, rolled ahead in February, creating 55,000 new jobs in the month, according to the latest figures from Statistics Canada.

But the unemployment rate remained unchanged at 7.4 per cent, the result of more people entering the workforce.

Since 2002, when employment began to pick up steam, job gains have totaled 613,000, an increase of 4.1 per cent.