Canadian jobs report: employment +15.4K in February vs. 20K expected

"Employment was little changed in February (+15,000). The unemployment rate declined by 0.1 percentage points to 5.8%", Statistics Canada reported this Friday.

Key highlights:

   •  On a year-over-year basis, employment grew by 283,000 or 1.5%. 
   •  All of this increase was attributable to gains in full-time work (+283,000 or +1.9%), while part-time employment was unchanged. 
   •  Over the same period, hours worked rose by 3.2%.