Sudbury sheds more jobs in January: Statscan

10 February, 2018, 09:48 | Author: Tracy Craig
  • Statistics Canada says the economy lost 88000 jobs in January

Windsor's unemployment rate in January was the lowest in the province at 4.6 per cent, a drop of 1.4 percentage points over the previous month, according to the results of the latest labour force survey by Statistics Canada.

Nationally, the unemployment rate rose to 5.9 per cent in January.

Ontario lost 59,300 part-time positions and created 8,500 full-time spots.

The overall number was dragged down by a loss of 137,000 part-time positions in what was easily the category's largest one-month collapse since the agency started gathering the data in 1976.

On the flip side, 49,000 full-time positions were generated in January.

A closer look at the January data showed the number of paid employee positions also experienced a significant loss last month by shedding 112,000 positions.

The London area jobless rate jumped from 6.2 per cent to 6.5 per cent in January as more people surged back into the job market.

Canada racked up strong employment gains a year ago, creating more than 400,000 jobs and setting the fastest pace of growth since 2002.

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The decrease of 88,000 jobs fell well short of economists' forecasts for a gain of 10,000 and made for the biggest decline since January 2009 when the economy was dealing with the global financial crisis.

That marked the steepest monthly decline in nine years and followed a year of torrid job creation. That compares with December's figures of a 56,200-person labour force, with 48,500 people working and 7,700 looking for work.

The unemployment rate in Medicine Hat has once again gone up. Thomas unemployment rate ends 2017 at 6.2% .

"One of the positives in today's release was the fact that wage growth picked up", said Craig Alexander, chief economist at the Conference Board of Canada.

However, economists also pointed to possible connections between Ontario's minimum wage and Canada's stronger average wage growth of 3.3 per cent in January.

The biggest question from Friday's disappointing Canadian employment report is how much can be traced to Ontario's sharp minimum wage increase last month.

"Today's sour news is at least in part an offset to the unusually strong gains seen late past year, and most likely does not represent the start of new trend".

January's job losses lowered expectations that the Bank of Canada would hike interest rates at its next rate announcement scheduled for March.

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