Canada Job Report / Employment rose by 29,000 in January

Employment rose by 29,000 in January, the result of an increase in full-time work. The unemployment rate declined 0.2 percentage points to 7.0%.

Over the past 12 months, employment increased 0.8% or 146,000 and the number of hours worked rose 0.7%.

During the same period, the employment rate fell 0.3 percentage points to 61.6% as employment grew at a slower pace than the population.

Chart 1 Employment

Employment increased in Prince Edward Island, while it fell in New Brunswick and was little changed in the other provinces.

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

Chart 2 Unemployment rate

Chosen excerpts by Job Market Monitor. Read the whole story at The Daily — Labour Force Survey, January 2014.

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Canada January employment jumps, recouping much of December loss

The Canadian economy in January recouped 29,400 of the 44,000 jobs lost in December, registering an even larger jump in full-time positions, while the unemployment rate fell to 7.0 percent from 7.2 percent, Statistics Canada said on Friday.

The employment gain, the largest since August, exceeded expectations of economists in a Reuters survey for 20,000 new positions. Economists had expected the unemployment rate to fall only to 7.1 percent.

Full-time employment rose by an estimated 50,500, the largest such increase since May. However, 28,300 of the new jobs were in self-employment, which usually is less secure and carries fewer benefits.

Chosen excerpts by Job Market Monitor. Read the whole story at Canada January employment jumps, recouping much of December loss | Business | Reuters.