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City's unemployment rate 7.6 per cent in February

The city's unemployment rate stood at an estimated 7.6 per cent in February, according to Statistics Canada labour market numbers issued Friday. The figure amounts to a slight climb down from 7.
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The city's unemployment rate stood at an estimated 7.6 per cent in February, according to Statistics Canada labour market numbers issued Friday.

The figure amounts to a slight climb down from 7.7 per cent recorded in January and marks the end of an eight-month streak of increases from a low of 4.2 per cent in June.

However, the rate was a significantly lower 6.4 per cent for the same month last year.

As of February, 45,000 people were employed, 3,700 were seeking work and 24,600 were not participating.

In January, 45,700 were working, 3,800 were seeking work and 23,800 were not participating.

For February 2019, 46,900 were recorded as working, 3,200 were seeking employment, 22,700 were not participating.

The unemployment rates for February and January were accurate to within plus-or-minus 1.2 percentage points, 68 per cent of the time. For February 2019, it was plus-or-minus 1.1 points.

The numbers are based on a three-month rolling average and do not separate full-time from part-time work.