Canada’s unemployment drop a ‘bit of an illusion,’ economist says | Canada Tonight
Canada's labour market added 76,000 jobs in January and the unemployment rate fell 0.1 percentage points to 6.6 per cent, beating economist expectations, according to Statistics Canada's latest labour force survey published Friday.
Canada’s employment rises by 76,000 in January as unemployment rate drops to 6.6%
In January, employment gains were seen across various demographic groups. Youth aged 15 to 24 experienced an increase of 31,000 (+1.1%), largely driven by a rise in employment among young men (+25,000; +1.8%). The employment rate for this group rose by 0.6 percentage points to 54.5%, marking the first increase since April 2024, said the report.
Odds of Bank of Canada interest rate cut in March drop after jobs beat
Canada’s jobless rate has fallen for two consecutive months, as it dropped to 6.8 per cent in December from a recent peak of 6.9 per cent in November. Prior to that, the unemployment rate had been on a steady rise from a post-pandemic low of 4.6 per cent in July 2022.
Sask starts 2025 with one of the lowest unemployment rates in Canada
The latest Labour Force Survey from Statistics Canada reports that Saskatchewan’s unemployment rate is tied for the lowest among provinces, with a percentage rate of 5.4 in 2025 and well below the national average of 6.
Canada added 76,000 jobs in January as unemployment fell to 6.6%
OTTAWA - Canada’s labour market added 76,000 jobs in January, beating economist expectations. Statistics Canada’s labour force survey on Friday also said the unemployment rate ticked down 0.1 percentage points to 6.6 per cent. It’s the second consecutive monthly decline, following a recent peak in November of 6.8 per cent.
Canada's unemployment rate drops again in January, posts solid job gains
Canada's unemployment rate unexpectedly fell and the economy posted another solid month of job gains, data showed on Friday, in signs that joblessness was started to ease.
Canada's unemployment rate drops to 6.6% as economy gains more jobs than expected
Canada’s unemployment rate fell to 6.6 per cent as the economy gained more jobs than expected. Statistics Canada said Friday Canada gained 76,000 jobs in January, beating expectations of 25,000 positions.
Canada's labour market added 76,000 jobs in January as unemployment rate ticks down again
Canada’s labour market added a net 76,000 jobs in January, while the unemployment rate fell 0.1 percentage points to 6.6 per cent, according to Statistics Canada data released on Friday. Economists had expected a jobs gain of 25,
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Canada added 76,000 jobs in January as unemployment rate fell to 6.6%
Canada’s labour market added another 76,000 jobs in January, beating economist expectations. Statistics Canada’s labour force ...
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