Canada adds 66800 jobs in January, unemployment rate rises

11 February, 2019, 03:10 | Author: Regina Silva
  • Canada adds 66800 jobs in January, unemployment rate rises

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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He credited recent job gains drawing people back in as for why the participation rate is running at its highest level since 2017.

The national unemployment rate, meanwhile, increased 0.2 percentage points to 5.8 per cent.

Alberta also saw jobs fall for the second straight month, with 16,000 job losses in January.

The employment rate was down from 62.8 per cent in December to 62.6 per cent in January.

Employment was up 0.9 per cent from January 2019 in Quebec.

Kelowna boasts the province's lowest unemployment rate, dipping two ticks last month to 3.1 per cent.

"Volatility returned with a notable increase in employment during the month of January", he wrote.

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