"Canada's unemployment rate ticked down to 6.5 per cent in January, but the economy lost 25,000 jobs, Statistics Canada said on Friday."
"The unemployment rate the lowest since September 2024 was the result of fewer people actively searching for work."
"Manufacturing, educational services and public administration drove the majority of the job losses, while jobs were gained in information, culture and recreation; business, building and other support services; agriculture; and utilities."
"Average hourly wages were up 3.3 per cent, or $1.18, for a total of $37.17 an hour, compared to the same period last year."
Canada's unemployment rate fell to 6.5 per cent in January, marking the lowest level since September 2024, driven by fewer people actively searching for work. The labour force contracted as the number of people neither employed nor looking for work increased on a year-over-year basis. The economy recorded a net loss of 25,000 jobs in January. Job losses were concentrated in manufacturing, educational services and public administration, while gains occurred in information, culture and recreation; business, building and other support services; agriculture; and utilities. Average hourly wages rose 3.3 per cent, or $1.18, to $37.17 an hour compared with the previous year.
Read at www.cbc.ca
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