Sask. tied for 2nd lowest unemployment rate in Canada

Canada Sheds 88000 Jobs In January

The National Capital Region continued to lower its unemployment rate in January, adding 4,600 jobs in the first month of the year according to data released Friday by Statistics Canada.

In January 2017, the island's labour force consisted of 54,800 people with 47,100 employed and 7,700 unemployed.

"The concentration of the job loss in Ontario and the focus upon lost part-time jobs in that province will no doubt feed debate on whether large minimum wage hikes took a toll on employment, but proving causality may remain contentious", Derek Holt, Scotiabank's head of capital markets economics, said in a commentary.

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Officials from states operating their own exchanges said their ability to make changes led to their gains. An Associated Press count found that nationwide enrollment was about 3 percent lower than previous year .

That means there was 3.4 per cent or 46,100 fewer part-time posts in January 2018 than the same time the previous year.

The rate still sits higher than New Zealand's lowest-ever unemployment level of 3.3 per cent, recorded just before the global financial crisis. "Overall, a mysterious mix of good and bad, with the latter's impact blunted by how strong job gains were in the lead-up to these figures", CIBC chief economist Avery Shenfeld wrote in a commentary. A strong labour market, like the one Canada has seen in recent months, generally invites more people to rejoin the labour force and apply for jobs.

The largest employment declines were in Ontario and Quebec. Unemployment in Canada is at 5.9 per cent, 3.9 per cent in Victoria and 4.8 per cent in Nanaimo.

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Ontario had the biggest jobs decline among the provinces, shedding 50,900 positions on a drop in part-time work.

The unemployment rate in Medicine Hat has once again gone up. Ontario lost 51,000 jobs in January, entirely due to losses in part-time work. 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. Some research has suggested a reduction in hours or jobs follow mandated wage bumps, while other studies suggest no long-term connection between wage increases and dips in employment rates.

The nation's economy shed the most jobs at 88,000 since 2009 in January following two months of gains.

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"It doesn't change the broader narrative around the Bank of Canada". "At the very least, we can dismiss any chance the bank hikes in March, and April is now looking more like a long shot as well", he said.

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