CANADA JANUARY EMPLOYMENT REPORT BEATS EXPECTATIONS

CANADA JANUARY EMPLOYMENT REPORT BEATS EXPECTATIONS

Canada added 76,000 jobs in January, well above the 25,000 estimate.

The December employment change was revised sharply higher to 179,100.

This marks the 3rd consecutive monthly gain (November: +44,000, December: +91,000).

Unemployment rate fell to 6.6% from the 6.7% in December, beating the 6.8% forecast.

Full-time employment increased by 35,200, part-time employment rose by 40,900.

Participation rate increased to 65.5% from 65.1% in December.