The unemployment rate fell to 6.3 percent in March, the lowest it's been in decades. The number of jobs in Canada has increased by a whopping 330,000 (2.1 percent) during the last year, an amazing growth by anyone's measure.
"All told, Canada's employment numbers drive home the fact that the Canadian labour force is exceedingly healthy," said Eric Lascelles, a strategist for Toronto-Dominion Bank's fixed income research branch.
Total employment grew by 50,500 jobs in March, of which more than half were obtained in Ontario. The majority of new employment generated in the province was full-time and went to young people between the ages of 18 and 24, according to StatsCan. British Columbia’s labour market also grew by 13,000 workers in March, the fastest growth of any Canadian province so far. Most jobs in B.C. were in retail, wholesale, information, culture, and construction.
In Alberta, where competition for skilled workers is fierce due to the booming oil industry, students coming out of university are courted by several companies offering incentives such as stock options to attract top talent to their organizations.