Canada sheds jobs, employment up in P.A.
The nation’s economy shed the most jobs at 88,000 since 2009 in January following two months of gains.
This forced the unemployment rate to tick up 0.1 percentage points to 5.9, according to Statistics Canada monthly data dump on Friday. While part-time employment dropped by 137,000, full-time employment was up by 49,000 jobs. Despite the dip, year-over-year, employment grew by 289,000 or 1.6 per cent.
The drop nationally cools off Canada’s strongest pace of growth since 2002 after creating more than 400,000 jobs in 2017.
In Saskatchewan, the unemployment rate fell 1.1 per cent to 5.4 over the revised 6.5 per cent number from December. The province lost around 5,100 part-time positions but added 6,200 full-time positions. However, those participating in the labour force survey dropped by 5,800, which assisted in the rate fluctuation.