London jobless rate rises amid labour force surge


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%. "But when we look at the numbers going into that rate, we see that there's a lot of slack and a lot of work that still needs to be done", Halbert said.

In the United States, there was an increase of 313,000 jobs in February but the unemployment rates was unchanged at 4.1 per cent.

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.

The report says the gains in jobs were due to a surge of part-time positions that offset a drop in full-time employment.

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The state Department of Job and Family Services says Ohio's nonagricultural wage and salary employment increased by 12,100 jobs in January. It stood at 6.2 per cent at this time previous year.

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

The central bank has remained cautiously upbeat about the economy and has said more interest rate hikes will likely be necessary over time, despite mounting protectionist and competitiveness unknowns that have clouded the economic outlook. Separately, data showed USA job growth surged in February, recording its biggest increase in more than 1-1/2 years. The next rate announcement from the bank is scheduled for April 18. The labour force decreased by 7,100 people. Government employment increased by 3,200, with local government gaining 2,700 jobs and state government increasing by 500 jobs.