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Current Canadian Economic Indicators
Posted By David Cohen On June 1, 1999
Gross domestic product by industry at factor cost, March 1999
Strong showings in most industrial sectors combined to produce a 0.3% increase in gross domestic product in March. The latest increase extended the economy’s steady expansion since strikes put the brakes on growth in mid-1998.
Labour Force Survey April 1999
After rising sharply in the last half of 1998, employment has leveled off since January and remained unchanged in April. A sharp jump in the number of people looking for work, most pronounced amongst youths, pushed the unemployment rate up half a percentage point to 8.3%. This increase in labour market activity caused the participation rate to rise to 66.0%, the highest since June 1993.
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