CDI Corporation

Canada’s unemployment rate falls

According to a report issued by Statistics Canada, the nation’s employment situation improved during the month of January.

The country added an adjusted 35,400 positions last month, causing the unemployment rate to fall from 6.7 percent to 6.6 percent. While full-time employment experienced little movement, the country increased its part-time labor force by 47,000 positions. Demographically, employment was up for women over 55 years, though other groups’ situations remained largely the same.

From an industry perspective, professional, scientific and technical services added 22,000 positions, the first major expansion this sector has seen since July 2013. Services-producing added almost 26,000 new jobs, while goods-producing grew by 9,700. Canada’s self-employed workforce grew by 41,000 this month as well. A decline of 8,800 was seen in the natural resources industry. Reuters explained that this drop is likely due to low oil prices.

Alberta, Quebec, New Brunswick and Prince Edward Island all saw their workforces grow in January, while the Saskatchewan region lost 8,400 jobs and experienced an increase in its unemployment rate. Quebec had the most notable surge in employment, adding 16,000 positions. This was the biggest gain the area had seen since March 2014, noted the report.