Canada’s unemployment rate fell to its lowest level on record in March at 5.3%


The Canadian economy added 73,000 jobs last month, slightly less than economists expected, but still enough to push the official unemployment rate down to 5.3%, the lowest level on record since 1976.

Statistics Canada reported Friday that goods-producing industries and the service sector added jobs, but most of the gains were concentrated in Ontario and Quebec.

The unemployment rate is now lower than it was before the pandemic, when it was as low as 5.4% in May 2019.

More soon.