By THE CANADIAN PRESSOTTAWA — Canada’s unemployment rate has fallen by 2.4 per cent since December, the National Bank said Wednesday.
The jobless rate is calculated by dividing the total number of unemployed people by the number of jobless workers.
In Canada, the rate fell to 4.6 per cent from 5.3 per cent.
In contrast, in the U.S., the jobless figure has fallen to 8.3 from 9.9 per cent in December.
Canada has lost 1.2 million jobs since the end of last year, the lowest level since the early 1990s.
The economy has contracted at an annual rate of 0.9.
The rate was last reduced in January 2016, and has been cut by 2 percentage points every year since.