Canada adds 66800 jobs in January, unemployment rate rises
11 February, 2019, 03:10 | Author: Regina Silva
According to Statistics Canada, St. Catharines-Niagara recorded the province's highest unemployment rate in January at 6.8 per cent. Guelph had the lowest jobless rate at just 1.9 per cent last month. The youth jobless rate edged up to 11.2 per cent, from 11.1 per cent in December as more young people looked for work.
The addition of 66,800 jobs came largely from the private sector, which saw a rise in the number of employee positions by 111,500 in January, the biggest monthly increase since 1976.
The Canadian dollar jumped more than a quarter of a cent in the moments after Statistics Canada announced the jobs numbers. The number of self-employed positions, which can include unpaid work, declined by 60,700.
Overall, the country added 66,800 jobs last month. Public sector employees remained largely unchanged, adding roughly 15,900 jobs.
In a note to clients Friday, CIBC Chief Economist Royce Mendes wrote the latest job readings were "a auto stuck on one of Canada's clogged highways: speeding up then slowing down just to speed back up again".
Local numbers are not adjusted for seasonality, meaning they shouldn't be used to compare data month-to-month.
The labour force counts residents who are either working or looking for work (unemployed).
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