Canada’s jobless rate fell a tenth of a percentage point to 6.3% in March, Statistics Canada said today. That’s the lowest level in 32 years.

StatsCan said the economy churned out 50,500 new jobs, handily exceeded economists’ expectations of 21,000 new positions.

Full-time jobs accounted for 44,000 of the new positions. “This continues the long-term trend toward full-time employment growth in this country,” Statistics Canada said.

In the past year, 330,300 jobs have been added to the country’s payrolls, with all of those positions being in the services sector.

It was a similar story in March, when the services sector created 60,000 jobs while the goods-producing sector lost 9,500 positions.

Manufacturing continued to be a weak spot. Another 12,000 factory jobs vanished last month, bringing the total to 117,100 in the past year.

Nationally, employment increased in oil and gas, building services, transportation and warehousing, health care and social assistance, and in information, culture and recreation.

The Bank of Canada is expected to raise its key interest rate to four% at its next meeting on April 25.

The strength of today jobs report has some economists suggesting that the Bank of Canada will hike interests rates in May as well as April.

The central bank is widely expected to raise its key interest rate to 4% at its next meeting on April 25.

Wage pressures are also continuing to build. StatsCan said the average hourly wage in March was up 3.5% from a year ago, well above the 2.2% increase in the consumer price index. In Alberta, the average wage was up 7%.