With the media and the politicos largely silent on the February Labour Market Survey jobs report, we were anxious to get a look at the data. First we did a literature search. Reuters reported a Canada-wide loss of 2,300 jobs in total with a loss of 51,800 full-time jobs (offset by an unreported rise in part-time jobs), and a rise in the unemployment rate to 7.3%. The Financial Post and the Globe and Mail both reported similar numbers. Are these numbers accurate and what do they mean? Let’s take a look.
