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Despite job losses, shrinking labour force lowers unemployment rate in January
Fewer people seeking work drove a 119,000-person decline in the labour force, with manufacturing losing 28,000 jobs, Statistics Canada reported.
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Despite job losses, shrinking labour force lowers unemployment rate in January
Fewer people were looking for work in January, driving the unemployment rate lower despite job losses in the month, Statistics Canada said Friday. The agency said the economy shed 25,000 jobs in January, compared to economists’ expectations for a slight gain. Desjardins economist Kari Norman said the January labour force survey marks a “bit of a U-turn” for the economy, which had steadily added jobs across the previous four months. January’s job…
Coverage Details
Total News Sources5
Leaning Left3Leaning Right0Center1Last UpdatedBias Distribution75% Left
Bias Distribution
- 75% of the sources lean Left
75% Left
L 75%
C 25%
Factuality
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