Economy sheds 7,200 jobs, Feds anxious about foreign interference in upcoming election

America Created 196,000 Jobs in March, Beating Expectations for 170,000

New Brunswick's jobless rate dropped in March as 3,100 more people were employed in the province, according to Statistics Canada's monthly labour force report.

On the establishment side, health care was the largest contributor to job growth, adding 49,100 jobs.

The report showed the unemployment rate fell to 7.9 per cent in March from 8.5 per cent in February.

While the number of people working part-time for economic reasons rose slightly from the recovery low hit in February, it is down by nearly 10 percent from its year-ago level.

Economists on average had expected a gain of 1,000 jobs in March and an unemployment rate of 5.8 per cent, according to Thomson Reuters Eikon.

The unemployment rate held steady at 5.8 percent for the third straight month. The employment-population ratio was 60.6 percent in March and has been either 60.6 percent or 60.7 percent since October 2018.

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Compared with a year earlier, the numbers showed that Canada added 331,600 jobs for an increase of 1.8 per cent. Computer systems design added 12,000 jobs during the month.

In March, computer systems design and related services added 12,000 jobs.

The total number of jobs in Canada came in at around 19 million, up 116,000 in the first quarter of 2019 and 332,000 on a year-over-year basis.

The numbers do not separate part-time from full-time employment and are based on a three month rolling average.

Construction added 16,000 jobs, which did not fully offset the 25,000 drop reported in February. Employment continued to trend up in architectural and engineering services (up 6,000) and in management and technical consulting services (up 6,000). Within the industry, employment in motor vehicles and parts declined in March (down 6,000).

After steadily tightening interest rates last year, much to Trump's chagrin, the Federal Reserve now forecasts it will not raise rates at all this year, taking note of slowing economic activity.

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