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Canada Adds 76,000 Jobs, Unemployment Drops to 6.6%

  • Canada added 76,000 jobs in January, marking the third consecutive month of job growth, according to Statistics Canada.
  • The unemployment rate dropped by 0.1 percentage points to 6.6%, with significant gains in the manufacturing sector, as reported in the monthly labour force survey.
  • Youth unemployment fell to 13.6%, down from 14.2%, reflecting improvements in employment for those aged 15 to 24, according to Statistics Canada.
  • Average hourly wages increased by 3.5% to $35.99, indicating wage growth trends despite a high number of unemployed individuals at 1.5 million.
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City News broke the news in Toronto, Canada on Friday, February 7, 2025.
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