Canada's Unemployment Rate Up to 7.6% in January


Canada's unemployment rate edged up 0.1 percentage points to 7.6% as more people searched for work. Compared with 12 months earlier, employment rose by 129,000 (+0.7%), with most of the growth occurring in the first six months of this period.

Both full-time and part-time employment were essentially unchanged in January. Compared with 12 months earlier, the number of full-time workers was up 1.2% (+170,000), while the number of part-time workers declined 1.2% (-41,000). At the same time, the total number of hours worked grew 1.4%, with all of the increase in the first half of the period.

Employment decreased in Prince Edward Island in January and was little changed in the other provinces.

Employment increased in educational services; information, culture and recreation; and in "other services", such as personal and household services. There were declines, however, in professional, scientific and technical services; and in finance, insurance, real estate and leasing.

The number of employees increased by 39,000 in January, with the gains shared between private and public sector workers. At the same time, the number of self-employed fell by 37,000. Compared with 12 months earlier, all of the employment gains have been among private sector employees (+1.3%), while both self-employment and public sector employment were virtually unchanged


TradingEconomics.com, Statistics Canada
2/3/2012 12:13:03 PM