Canada Adds Nearly 41,000 Jobs to Economy as Unemployment Rises to 5.8 Percent

A 'Help Wanted' sign hangs in a bar window along Queen Street West in Toronto, on June 10, 2022. Reuters/Carlos Osorio

Canada’s unemployment rate rose to 5.8 percent in February, despite an additional 40,700 jobs being added to the labour market, Statistics Canada data show.

February’s increase in jobs was attributed to a rise in full-time work, much higher than the 20,000-job increase economists predicted, StatCan said.