Canada: Net change in employment in January rises 66.8K vs 8K expected

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“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.
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