Canada Jobless Rate Falls To 6.8% In January


The unemployment rate in Canada declined to 6.8 percent in January of 2017 from 6.9 percent in December and below market expectations of 6.9 percent. Employment rose by 48.3 thousand, beating expectations of a 5 thousand decline for the second month.

Full time employment increased by 15.8 thousand, following a 0.4 thousand fall in December. Part time employment rose  by 32.4 thousand after a 0.5 thousand gai in the previous month.

Nearly all of the employment growth in January came from the service sector, with increases in finance, insurance, real estate, rental and leasing; business, building and other support services; transportation and warehousing; and public administration. On the other hand, there were fewer people working in information, culture and recreation.

The number of private sector employees edged up in January, while public sector employment and the number of self-employed workers were little changed.

Among regions, employment rose in Ontario, British Columbia, Nova Scotia and Newfoundland and Labrador. In contrast, there were fewer people working in New Brunswick. Employment was little changed in the remaining provinces.

Employment increased among core-aged men and women (25 to 54 years old). There was little overall employment change among the other demographic groups.

Statistics Canada | Joana Taborda | joana.taborda@tradingeconomics.com
2/10/2017 1:45:42 PM