Barrie had third highest unemployment rate in Canada in February

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Advertisment Canada's job market added about 15,000 jobs in February, less than expected but enough to nudge the unemployment rate down one-10th of a percentage point to 5.8%.

Looking back, the job market added 282,500 positions for a 1.5 per cent expansion over the past 12 months - with growth entirely due to full-time work.

Additionally, the public sector accounted for almost all of February's job gains - 50,300 government jobs were added in February, compared to just 8,000 in the private sector, reports CBC News.

In Ontario, employment was little changed in February with the unemployment rate settling at 5.5 per cent. Saskatoon's unemployment rate fell from 7.4 per cent to 6.9, while Regina's ticked up from 4.4 to 4.9 per cent. The rate is also down on a year-over-year basis from 8.4 per cent in February 2017.

Ontario was the big victor last month with a gain of 15,700 jobs, although the unemployment rate was unchanged at 5.5 per cent, but is still the second lowest in the country behind British Columbia (4.7 per cent).

"This suggests the bank will maintain its cautious stance", she said.

The mixed nature of the data is likely to reinforce the Bank ofCanada's cautious stance on interest rates after it stayed on the sidelines on Wednesday.

Earlier this week, the central bank highlighted wage growth as one of the key data points that it will scrutinize ahead of future rate decisions.

2,400 people entered the labour force while an extra 500 people claimed unemployment.

By industry, the goods-producing sector shed 10,400 positions last month, led by a decline of 16,500 jobs in manufacturing, while the services industries added 25,900 jobs. The U.S. unemployment rate for January was 4.1%, unchanged from December.

The province gained a total of 2,300 jobs compared to last month.

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