US EditionPublished • loading... • Updated
Canada's economy loses 25,000 jobs, but unemployment rate drops to 6.5%
Job losses in private sector and manufacturing led to 25,000 fewer jobs, but participation rate drop lowered unemployment to 6.5%, Statistics Canada reported.
- On Friday, Statistics Canada reported Canada lost 25,000 jobs in January as the unemployment rate decreased to 6.5 per cent.
- Statistics Canada data indicate the unemployment rate fell because fewer people were working or seeking work, with participation decreasing 0.4 points to 65 per cent, and 0.3 per cent of over 12 million people not in the labour force were discouraged job seekers.
- The manufacturing sector lost 28,000 positions last month, with private-sector layoffs mainly affecting women aged 25 to 54, StatCan noted.
- Labour-Market measures reveal part-time employment decreased by 70,000 while full-time employment rose by 45,000, and the employment rate fell 0.1 percentage points to 60.8.
- January's labour force survey marks the first net loss since August, and The Canadian Press first published the figures on Feb. 6, 2026.
Insights by Ground AI
Podcasts & Opinions
56 Articles
56 Articles
castanet.net+23 Reposted by 23 other sources
Unemployment rate drops to 6.5% in January despite 25,000 job losses: StatCan
Statistics Canada says the economy shed 25,000 jobs in January but a drop in the number of people looking for work drove the unemployment rate down to 6.5 per cent in the month. January's job losses mostly came from the private sector and part-time work, and were largely concentrated among women age...
·Kelowna, Canada
Read Full Article
Coverage Details
Total News Sources56
Leaning Left32Leaning Right1Center10Last UpdatedBias Distribution75% Left
Bias Distribution
- 75% of the sources lean Left
75% Left
L 75%
C 23%
Factuality
To view factuality data please Upgrade to Premium
