• Big miss for Canadian employment in January

Market news

9 February 2018

Big miss for Canadian employment in January

Following two months of increases, employment fell by 88,000 in January. Part-time employment declined (-137,000), while full-time employment was up (+49,000). At the same time, the unemployment rate increased by 0.1 percentage points to 5.9%.

On a year-over-year basis, employment grew by 289,000 or 1.6%. Gains were driven by increases in full-time work (+414,000 or +2.8%), while there were fewer people working part time (-125,000 or -3.5%). Over the same period, hours worked rose by 2.8%.

n January, employment declined for core-aged women (25 to 54 years old), as well as people 55 and older and youth aged 15 to 24. There was little change for core-aged men.

The largest employment declines were in Ontario and Quebec. There were also decreases in New Brunswick and Manitoba.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.