US EditionCanada 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.
54 Articles
54 Articles
SooToday.com
'Serious momentum': Jobs data blows past estimates as unemployment falls to 6.6%
OTTAWA — Canada's unemployment rate ticked down in January as the labour market added 76,000 jobs, beating economist expectations for the month and furthering speculation the Bank of Canada could decide against an interest-rate cut next month.
Canada’s Unemployment Rate Drops Again in January, Job Gains Solid
OTTAWA—Canada’s unemployment rate unexpectedly fell again and the economy posted solid job gains, data showed on Friday, in signs that joblessness was starting to ease from an eight-year peak, barring the pandemic years, in November. The January unemployment rate was 6.6 percent, a notch below the 6.7 percent seen in the prior month, and the economy added a net 76,000 jobs, down from a revised 91,000 job added in December but still a robust gain…
Victoria News
Canada adds 76,000 jobs in January, unemployment rate drops to 6.6%
Numbers mark second straight monthly decline after rate peaked in November
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