Canada sheds 88,000 net jobs, sees full time gains
Net decline helped push the national unemployment rate up to 5.9%.
OTTAWA — The number of jobs in Canada fell by 88,000 in January to give the labour market its steepest one-month drop in nine years, Statistics Canada said.
Manufacturing showed no growth from December but 5.1 % growth for the year.
The overall number was dragged down by a loss of 137,000 part-time positions in what was easily the category’s largest one-month collapse since the agency started gathering the data in 1976.
Statistics Canada’s latest jobs survey said the net decline helped push the national unemployment rate up to 5.9% in January, from a revised 5.8% the previous month.
But on the other hand, the agency said the economy generated 49,000 full-time positions last month.
A closer look at the numbers revealed that the number of paid employee positions also experienced a significant loss last month by shedding 112,000 positions.
By comparison, the number of people who identified as self-employed workers – often seen as a less desirable category that includes unpaid work in a family business – increased last month by 23,900.
Even with the overall decline in January, Canada has been on a strong run of job creation that has seen the country add 414,100 full-time jobs over a 12-month period. The growth represents an increase of 2.8%.
Over that same period, the number of less desirable part-time positions declined by 125,400 or 3.5%.
The January reading marked the end of a 13-month streak of job gains, however, about half of those positive numbers were within the survey’s margin of error.
By region, the agency said Ontario and Quebec saw the biggest decreases last month, while New Brunswick and Manitoba also had net losses.