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

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A disappointing February gave way to a promising March as the US exceeded expectations by adding 196,000 jobs last month.

While the unemployment rate in Brantford and Brantford County in March rose slightly to 4.7 per cent, up from 4.6 per cent in February, there is good news in job statistics released Friday. For the full year of 2018, the average monthly gain was 223,000. In March, computer systems design and related services added 12,000 jobs.

On the wage front we saw a slight uptick, to 2.3% year-on-year for permanent employees (February: +2.2%). Over the past 12 months, average hourly earnings have increased by 3.2 percent.

American employers added 196,000 new jobs in March, dwarfing the paltry gains from the month before and showing that businesses are still hiring despite worries about an economic slowdown. "Inflation pressures seem well in hand, household credit growth has already slowed, so all the factors that prompted them to move to the sidelines over the last few months are still in place".

The labor-force participation rate, similarly, was relatively flat at 63 percent month over month.

The average workweek for all employees on non-farm payrolls increased by 0.1 hour to 34.5 hours in March, offsetting a decline of 0.1 hour in February.

But employment has declined in health care and social assistance, business, building and other support services, and in accommodation and food services.

StatsCan went onto say full-time jobs dropped by 6,400 from February to March, while 900 part-time jobs were shed.

With a big decline also reported in January, it has lost an average of 9,500 jobs over the last three months.

That rate has been steadily increasing over the past year.

Across the country a streak was broken as the Canadian economy's six months of continued job creation came to an end in March.

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