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LONDON — Canada’s jobless rate dropped to 4.7% in March, its lowest level in three months, as employers boosted hiring for oil and gas drilling and jobs in construction and construction related fields, according to Statistics Canada data released Wednesday.
The unemployment rate for March fell to 4,924,000 from 4,953,000 the previous month.
The unemployment rate is the number of people unemployed for an extended period of time.
In its quarterly jobs report, Statistics Canada said the jobs outlook for March was good with a net gain of 2,000 new jobs for March.
The number of jobs added was the highest since June, 2008, the previous high in the monthly report.
But overall, the unemployment rate remained elevated, as people continued to leave the job market, the agency said.
This is the second consecutive month that the jobless rates have been rising, with the number jumping from 5.4% in December to 6.6% in February.
The economy added 9,000 jobs in March and a record 2,400 new jobs were added in February, Statistics Canadian said.
The government expects the economy to add 1.9 million jobs in April and add another 1.6 million jobs each month through 2019.