This article was last updated on April 16, 2022
Canada: 
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Unemployment rate in Canada shot up to 7.5 percent despite the increase in the recent job opportunities. According to Statistics Canada, the increase is mainly due to the fact that more Canadians have entered the labor force.
It was noted that all the new employment opportunities were created in the weaker categories of part-time and self-employment, while full-time work dropped by 25,500 and the number of employees in Canada slumped by 13,600 last month.
Other than Quebec, almost all the provinces, including British Columbia, Nova Scotia, Newfoundland and Labrador, Saskatchewan, New Brunswick and Prince Edward Island, recorded a modest increase in employment. In Quebec, huge losses in the construction and health care and social assistance sectors resulted in a decline of 25,700 jobs.
CIBC chief economist Avery Shenfeld said: “Taking the string of the last few months together, Canada’s job market still looks soft and a rising unemployment rate has been in contrast with the drop seen stateside.”
According to Statistics Canada, in 2011, the services sector was responsible for nearly all the job gains, as employment rose extensively in the accommodation and food services industries, and professional, scientific and technical services.
Moreover, the agency established that employment increased in December among people aged 55 and over. At the same time, there was a decline among youths aged 15 to 24, and little change for people aged 25 to 54.
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