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5 Feb 2016
Canada's unemployment rate at 7.2% in Jan, employment almost unchanged
FXStreet - Employment was virtually unchanged in January (-5,700 or 0.0%) while the unemployment rate edged up to 7.2%. In the 12 months to January, employment increased by 0.7% (+126,000). Over the same period, the unemployment rate rose from 6.6% to 7.2%, as the labour force grew at a faster pace than employment.
There was little change in both full-time and part-time employment in January. However, compared with 12 months earlier, full-time work increased by 172,000 (+1.2%) while part time was little changed. Over the same period, the number of hours worked rose by 1.2%.
There were fewer people working in Alberta, Manitoba as well as Newfoundland and Labrador in January. On the other hand, Ontario was the lone province with an employment increase.
Employment declined in agriculture; manufacturing; transportation and warehousing; and public administration. However, there were more people working in information, culture and recreation as well as in the 'other services' industry.
There was little change in both full-time and part-time employment in January. However, compared with 12 months earlier, full-time work increased by 172,000 (+1.2%) while part time was little changed. Over the same period, the number of hours worked rose by 1.2%.
There were fewer people working in Alberta, Manitoba as well as Newfoundland and Labrador in January. On the other hand, Ontario was the lone province with an employment increase.
Employment declined in agriculture; manufacturing; transportation and warehousing; and public administration. However, there were more people working in information, culture and recreation as well as in the 'other services' industry.