Canada: Net change in employment in January rises 66.8K vs 8K expected
|"The number of people employed grew by 67,000 in January, mostly among youth aged 15 to 24 and in the services-producing industries," Statistics Canada reported on Friday.
Key takeaways from the press release
- The unemployment rate increased 0.2 percentage points to 5.8% as more people looked for work.
- On a year-over-year basis, total employment was up 327,000 or 1.8%, reflecting increases in both full-time (+166,000) and part-time (+162,000) work.
- Over the same period, total hours worked were up 1.2%.
- In January, the number of employees increased by 112,000 in the private sector, while it was little changed in the public sector for the third consecutive month.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.