Labour force participation hits new high of 68 per cent

But surge of jobseekers outnumbers job growth in March
By
|hrreporter.com|Last Updated: 04/04/2008

An increase in jobseekers in the market and modest increases in new jobs pushed the unemployment rate in March up from it's record low in February, according to Statistics Canada.

The agency's most recent labour force survey found there were 15,000 net new jobs in March, pushing Canada's labour force participation rate to a new high of 68 per cent.

However, there weren't enough new jobs to offset the increase of jobseekers entering the market, causing the unemployment rate to edge up to 6 per cent from 5.8 per cent in February.