Canada Jobs Market Remains White Hot In January

Canada’s labour market surprised on the upside again in January, with the economy creating far more jobs than expected at the start of the year despite uncertainty about the direction of oil prices and concerns over slowing global growth. The country added 67,000 jobs last month, according to Statistics Canada. That’s up from the 9,300 gain recorded in December and blasted past economists’ forecast for a 5,000 rise. Wage growth, which is closely watched by the Bank of Canada, remained robust at 1.8 per cent — accelerating from the 1.5 per cent pace notched in December and faster than the 1.6 per cent the market had expected. However, the unemployment rate ticked up from 5.6 per cent to 5.8 per cent as more people — particularly women and youths — sought work, in a sign of how strength in the economy is pulling in new entrants into the labour market.
 

  • Like 2

Share this post


Link to post
Share on other sites

Boom of the private sector....
“The number of people employed by the private sector jumped by 111,500, the biggest one-month gain on record in data going back to 1976.” 

  • Like 1

Share this post


Link to post
Share on other sites

The Trudeau economy....

Share this post


Link to post
Share on other sites

Has anyone ever proposed The Maple Leaf Rag to be the national anthem of Canada? :)

Share this post


Link to post
Share on other sites

Unexpected? Surprise? Not considering the 304k new jobs in the USA... :)

Share this post


Link to post
Share on other sites

11 hours ago, damirUSBiH said:

Boom of the private sector....
“The number of people employed by the private sector jumped by 111,500, the biggest one-month gain on record in data going back to 1976.” 

Big population growth needs to be factored in though. 

Share this post


Link to post
Share on other sites
Sign in to follow this  
Followers 0