Statistics Canada says economy added 34,500 jobs in January, unemployment down

February 18, 2020

The Canadian economy added 34,500 jobs in January, fuelled by gains in the manufacturing, construction and agriculture industries.

Here’s a quick look at January employment (numbers from the previous month in brackets):

·         Unemployment rate: 5.5 per cent (5.6)

·         Employment rate: 61.8 per cent (61.8)

·         Participation rate: 65.4 per cent (65.5)

·         Number unemployed: 1,124,400 (1,143,200)

·         Number working: 19,159,100 (19,124,600)

·         Youth (15-24 years) unemployment rate: 10.3 per cent (11.1)

·         Men (25 plus) unemployment rate: 4.9 per cent (4.9)

·         Women (25 plus) unemployment rate: 4.6 per cent (4.6)

Source: CTV News