Canada added 37,000 jobs in January

Canada added 37,000 jobs in January — data ...Middle East

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OTTAWA, Canada – Canada added 37,000 jobs in January, pushing down the unemployment rate 0.1 percentage points to 5.7 percent, the national statistical agency said Friday. The unexpected employment gains were driven by an increase in part-time work, according to Statistics Canada. The drop in the unemployment rate, meanwhile, was the first observed since December 2022. It had been moving upward through most of 2023, rising from 5.1 percent last April to 5.8 percent in December. “The employment data suggests that June is now more likely for the first Bank of Canada rate cut of this cycle than April,” Desjardins analyst Royce Mendes reacted in a research note. He and others adjusted downward

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Last updated : 09 February 2024 clock 06:57 PM

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Canada added 37,000 jobs in January — data ...Middle East

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