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Canada's unemployment rate at 7.2% in January, participation rate unchanged

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 5, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet - Employment was virtually unchanged in January. -5.7k was the net change in employment while the unemployment rate edged up to 7.2%. Participation tate remained unchanged at 65.9 per cent in January.

    In the 12 months to January, employment increased by 0.7% (+126,000). Over the same period, the unemployment rate rose from 6.6% to 7.2%, as the labour force grew at a faster pace than employment.

    There was little change in both full-time and part-time employment in January. However, compared with 12 months earlier, full-time work increased by 172,000 (+1.2%) while part time was little changed. Over the same period, the number of hours worked rose by 1.2%.

    There were fewer people working in Alberta, Manitoba as well as Newfoundland and Labrador in January. On the other hand, Ontario was the lone province with an employment increase.

    Employment declined in agriculture; manufacturing; transportation and warehousing; and public administration. However, there were more people working in information, culture and recreation as well as in the 'other services' industry.
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