About: http://data.cimple.eu/news-article/b3f30aafd3143e790a98dbc53e7c421a523743540aba5c1c8865a738

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About: http://data.cimple.eu/news-article/b3f30aafd3143e790a98dbc53e7c421a523743540aba5c1c8865a738 Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Canada added 30,000 jobs in February despite concerns over the spreading coronavirus, while its unemployment rate rose 0.1 percentage points to 5.6 percent, according to government data released Friday. Statistics Canada said there were more people working in wholesale and retail trade, in manufacturing (for a second consecutive month), as well as in information, culture and recreation. At the same time, employment declined in professional, scientific and technical services and in accommodation and food services. Economists noted a "puzzling gap" between hiring and a slowing export-driven economy, adding that this latest data would not likely factor into market decisions as it predates what are likely to be the biggest impacts of the COVID-19 outbreak. "Canada ended the last of the pre-virus jobs reports with a flourish, as a strong month for employment and a healthy wage gain showed that everything was fine in the labor market," said CIBC analyst Avery Shenfeld. "We won't really see the major impacts of the coronavirus for a couple of months, so markets will look past all of these numbers," he added. Oxford Economics echoed this view, calling the February jobs gains "welcome news, but old news." "We expect weaker employment growth moving forward, as the COVID-19 outbreak weighs on confidence and spending plans," it added. On Wednesday the Bank of Canada cut its key lending rate for the first time since 2015, to 1.25 percent, in response to the growing economic risk posed by the epidemic. According to Statistics Canada, the February job gains were mostly in Quebec, Alberta, Nova Scotia and Manitoba provinces. More youth found jobs (+22,000), but the youth unemployment rate held steady at 10.3 percent. There was no net change in job figures for other demographics or regions. amc/ft
schema:headline	Canada adds 'puzzling' 30,000 jobs in February
schema:mentions	Manitoba 2020 coronavirus outbreak in Singapore AMC Theatres Nova Scotia Applied Digital Data Systems Alberta University of Oxford Quebec Canada Severe acute respiratory syndrome coronavirus 2 Canadian Imperial Bank of Commerce Statistics Canada
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-03-06 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	73 (xsd:integer)

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