Canada Jobless Rate Edges Up to 5.9%

The unemployment rate in Canada increased to 5.9 percent in January of 2018 from an upwardly revised 5.8 percent in December and market expectations of 5.8 percent. Employment fell by 88,000, the most since January of 2009 as part-time employment declined by 137,000 while full-time employment was up by 49,000.
Statistics Canada | Joana Taborda | 2/9/2018 5:35:28 PM
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 employment decreased the most in Ontario (-51,000) and Quebec (-17,000) followed by New Brunswick (-5,800) and Manitoba (-3,600).

Jobs were shed across a number of industries, including educational services (-20,000); finance, insurance, real estate, rental and leasing (-18,000); professional, scientific and technical services (-17,000); construction (-15,000); and health care and social assistance (-11,000). On the other hand, employment increased in business, building, and other support services (+11,000).

In January, the number of employees fell in both the private (-71,000) and public (-41,000) sectors, while the number of self-employed workers held steady.

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

Canada Jobless Rate Edges Up to 5.9%