HomeLive CommentsCanada employment dropped -213k in Jan, unemployment rate surged to 9.4%

Canada employment dropped -213k in Jan, unemployment rate surged to 9.4%

Canada employment dropped -213k, or -2.12% in January, much worse than expectation of -43.5k. “Losses were entirely in part-time work and were concentrated in the Quebec and Ontario retail trade sectors.”

Unemployment rate surged to 9.4%, well above expectation of 8.9%. That’s also the higest level since August 2020.

Full release here.

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