💙 🔷 Not impressed by Big Tech in Q3? Explore these Blue Chip Bargains insteadExplore for free

UPDATE 1-Canada sheds 5,700 jobs, unemployment rate hits 2-year high

Published 2016-02-05, 08:34 a/m
© Reuters.  UPDATE 1-Canada sheds 5,700 jobs, unemployment rate hits 2-year high

(Adds data, background)
OTTAWA, Feb 5 (Reuters) - Canada lost 5,700 jobs in January
and the unemployment rate edged up to a two-year high of 7.2
percent as more people entered the work force, Statistics Canada
said on Friday.
Analysts polled by Reuters had forecast a gain of 5,500
positions and for the unemployment rate to stay at 7.1 percent.
The last time the jobless rate hit 7.2 percent was in December
2013.
The data underline the economy's struggles to cope with the
effects of low oil prices. In the year to January, employment
increased by an anemic 125,500 jobs, or 0.7 percent.
The jobless rate in the energy-producing province of Alberta
rose to 7.4 percent, the highest since February 1996. January
marked the first month since December 1988 that the Alberta
unemployment rate had been higher than the national rate.
In January, the economy created 5,600 full-time jobs and
lost 11,300 part-time positions. The manufacturing sector lost
11,000 jobs while the natural resources sector posted a gain of
1,400.
The six-month moving average for employment growth was
8,900, down from 10,700 in November.

<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Graphic - Canada jobs, unemployment http://link.reuters.com/fax39t
Graphic - Full-time vs. part-time http://link.reuters.com/pev29v
Graphic - Temporary vs. permanent http://link.reuters.com/xuf98v
Graphic - Canada economic dashboard http://graphics.thomsonreuters.com/15/sc-canada/index.html

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.