- Analytics
- News and Tools
- Market News
- Canada’s unemployment rate rises rose to 7.2% in January
Canada’s unemployment rate rises rose to 7.2% in January
Statistics Canada released the labour market data on Friday. Canada's unemployment rate rose to 7.2% in January from 7.1% in December. Analysts had expected the unemployment rate to remain unchanged at 7.1%.
The labour participation rate remained unchanged at 65.9% in January.
The Bank of Canada monitors closely the labour participation rate.
The number of employed people fell by 5,700 jobs in January, missing expectations for a rise of 5,500 jobs, after a 1,300 increase in November. December's figure was revised down from a 22,800 gain.
The decrease was driven by a drop in part-time work. Full-time employment was up by 5,600 in January, while part-time employment slid by 11,300 jobs.
Employment fell in agriculture, manufacturing, transportation and warehousing, and public administration.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
