Wednesday, July 29th29.0°C
26925

Canadian economy gains 29,400 jobs in January, unemployment falls: StatsCan

OTTAWA - Statistics Canada says the Canadian economy gained 29,400 jobs in January and the unemployment rate fell 0.2 percentage points as the number of full-time jobs increased.

Canada's national unemployment rate slid to 7.0 per cent for the first month of the year, compared with 7.2 per cent in December.

Statistics Canada says the gain was led by a rise in full-time work, including 15,000 more people employed in transportation and warehousing and an increase in self-employed workers.

The increase was offset by 25,000 fewer people working in business, building and other support services, as well as 16,000 fewer employees in public administration.

The labour force participation rate — the proportion of people either employed or underemployed and actively looking for work — was 66.3 per cent, compared with 66.4 per cent in December.

Meanwhile, the employment rate or proportion of the working age population actually working was 61.6 per cent, unchanged from a month earlier.

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX14301.80+224.44
S&P CDNX584.76-2.20
DJIA17751.39+121.12
Nasdaq5111.73+22.53
S&P 5002108.57+15.32
CDN Dollar0.7720-0.0001
Gold1096.90+0.60
Oil49.24+0.08
Lumber253.00+1.40
Natural Gas2.883+0.062

 
Okanagan Companies
Pacific Safety0.18+0.01
Knighthawk0.010.00
QHR Technologies Inc1.40+0.03
Cantex0.05+0.00
Anavex Life Sciences0.7865+0.0065
Metalex Ventures0.05-0.01
Russel Metals19.21+0.86
Copper Mountain Mining0.85+0.03
Colorado Resources0.06+0.00
ReliaBrand Inc0.0045-0.0022
Sunrise Resources Ltd0.03+0.00
Mission Ready Services0.14-0.01
Decisive Dividend Corp2.50-0.08

 





FEATURED Property
21811412350-2358 Bering Road
10091945 bedrooms
$1,200,000
more details
Click here to feature your property
Please wait... loading


Chasing ducks

Photo: Thinkstock.comWhen businessmen tell me that being low priced is the only way to stay in business, I am skeptical. Price is the simplest way for a consumer to compare and is overused as the basi...


Taking care of business

Photo: Thinkstock.comRetirement as a goal has changed a lot over the years. There was a time, it was the only goal. You’d punch the clock and count the years until you could stop punching that t...


Income from home equity

Photo: Thinkstock.comWhen retirement funds run low, seniors often ask if tapping into the equity in their home is the right way to retain financial independence. To see if this option might be a good ...

_



26509




Member of BC Press Council


26465