—and then doubled, again.
The second point is that about 70% of those have been in the private sector. It moves around with each employment report, obviously, but the vast majority, again, north of 70% or 80%, have been full-time.
Actually, I should say it's higher than that; I understated: 70% of those have been in industries that pay above-average wage. So again, from a quality-of-job perspective, it's high. Most of them, the vast majority, are in the private sector, and the vast majority are full-time.
So it has been positive. The other thing that has been positive about the performance is that by and large the participation ratio in the job market has remained high, just under 67%. In other words, Canadians are out there looking for work. They're not discouraged.
Now, from a monetary policy perspective, if I may add on what we look at as well, we do still see slack in the labour market. The unemployment rate is 7%, so it's come down, but it's still higher than we would see consistent with full employment. Just under 20% of the unemployed have been unemployed for more than six months, so they are looking for work. There are some of these mismatch issues that exist as well. And hours worked have not recovered as firmly as employment. I mean, it's good news that we've got more people into work, but people aren't working as many hours as necessarily they would want to or as employers would see in full employment.
From an inflation perspective, from a monetary policy perspective, we do see slack—it's an odd word to use, but it is slack—in the labour market, which is consistent with the maintenance of very accommodative monetary policy for some time.