Canadian Unemployment Rate Edges Down to 7% in January


Canadian jobless rate declined 0.2 percentage points to 7.0 percent in January of 2014. Employment rose by 29,000 as a result of an increase in full-time work. Youth Unemployment was registered at 13.9 percent.

In January, there were 15,000 more people employed in transportation and warehousing. Despite this increase, employment in this industry was similar to what it was in January 2013.

The number of people working in business, building and other support services fell by 25,000, bringing employment in this industry back to a level similar to that of 12 months earlier.

There were 16,000 fewer employees in public administration in January. Compared with 12 months earlier, employment in public administration was down 58,000 (-5.9 percent), making it the only industry with an employment decline over the period.

Over the past 12 months, employment increased 0.8 percent or 146,000 and the number of hours worked rose 0.7 percent. During the same period, the employment rate fell 0.3 percentage points to 61.6 percent as employment grew at a slower pace than the population.

There were more men aged 25 and over working in January, while employment was virtually unchanged among women and youths.

Canadian Unemployment Rate Edges Down to 7% in January


Stacan | Nuno Fontes | nuno@tradingeconomics.com
2/7/2014 2:29:00 PM