Canada’s Unemployment Rate Edges Down to 6.6%


Canadian jobless rate decreased to 6.6 percent in January of 2015 from 6.7 percent in the previous month as employment increased by 35,000 boosted by rise in part time employment.

Compared with December 2014, part-time employment increased by 47,000 and full time was little changed.

Compared with January 2014, full-time employment rose by 108,000 (+0.8 percent), while there was little change in part-time work. Over the same period, the total number of hours worked was up slightly (+0.3 percent).

There was little employment change in January for men and women aged 25 to 54 and their unemployment rates remained at 5.6 percent and 5.3 percent, respectively. While youth employment was unchanged in January, their unemployment rate fell 0.7 percentage points to 12.8 percent as fewer youths looked for work.

There were more people working in professional, scientific and technical services in January (+22,000), the first notable increase since July 2013, while employment declined in natural resources (-8,800). The number of self-employed workers increased in January and there was little change in the number of private and public sector employees.

Provincially, employment rose in Quebec, Alberta, New Brunswick and Prince Edward Island in January. At the same time, there was a decline in Saskatchewan.

Canada’s Unemployment Rate Edges Down to 6.6%


Statistics Canada | Carolina Cunha | carolina.cunha@tradingeconomics.com
2/6/2015 2:14:59 PM