Published: Tue, February 11, 2020
Markets | By Otis Pena

Hiring Picks Up As Employers Add 225000 Jobs In January

Hiring Picks Up As Employers Add 225000 Jobs In January

Across Canada, employment rose by 35,000 jobs in January, all in full-time work, Statistics Canada said, bringing the unemployment rate down to 5.5 per cent.

The data for employment change in Canada in January came surprisingly well for the economy on Friday. "At the same time, employment declined in health care and social assistance".

Translated into more understandable numbers, Stats Can's latest figures show approximately 15,000 unemployed people living in Windsor.

Local numbers for January are not yet available.

Windsor's unemployment rate jumped upwards last month as 2,900 more people searched for work.

The unemployment rate last month was 3.6 percent, up slightly from the 50-year low of 3.5 percent in December. The bank's next scheduled rate announcement is March 4.

The year-over-year unemployment rate is up in Prince George.

According to national numbers released Friday, more folks are working or looking for work. Reentrants are people who previously worked but were not in the labor force prior to beginning their job search.

The labor force rose by rose by 574,000 in January, and the labor force participation rate edged up by 0.2 percentage points to 63.4%.

European Union sets out new criteria on enlargement post-Brexit
Canada and the European Union signed in 2016 the Comprehensive Economic and Trade Agreement after seven years of negotiation. The EU-Canada deal will remove 99% of tariffs and limited quotas, but Ottawa has not had to align its rules with the EU.

The construction industry added 44,000 jobs, the best-performing sector.

Hiring at construction firms helped to drive the gains, as milder weather allowed for more building.

The pace of hiring easily beat economic forecasts that the United States would add about 164,000 jobs over the month. -China tariffs. The economy lost 12,000 manufacturing jobs in January, though the number is still up by 26,000 from January 2019.

"Keep in mind that from mid-2018 to mid-2019, jobs were falling just as fast as they were rising over the previous six months".

Employment in transportation and warehousing increased by 28,000 in January.

However, they said, "employers continue to face a volatile and uncertain global environment which, along with a cooling domestic backdrop, will lead them to be more cautious hiring".

Regionally, Quebec added 19,100 jobs in January, while Manitoba added 6,500 jobs. There were also gains in hiring in the professional and business services, and wholesale trade industries.

Manufacturing also grew in January after five months of contraction, according to a survey of purchasing managers by the Institute for Supply Management.

Like this: