Statistics Canada says economy lost 213,000 jobs in January
Posted February 5, 2021 6:45 am.
Last Updated February 5, 2021 9:23 am.
OTTAWA – Statistics Canada says the economy lost 213,000 jobs in January as employment fell to the lowest level since August last year, wiping out the gains made in the fall.
The unemployment rate rose 0.6 percentage points to 9.4 per cent, the highest rate since August.
#Breaking Massive job losses in January. Canada labour market loses 212,800 jobs. (estimate down 40,000)
Part-time jobs down 225,000.
Jobless rate spikes to 9.4% from 8.8%.— Mike Eppel (@eppman) February 5, 2021
Financial data firm Refinitiv says the average economist estimate was for a loss of 47,500 jobs in January and an unemployment rate of 8.9 per cent.
In Alberta, the jobless rate fell to 10.7 per cent, driven mainly by a rise in part-time employment.
Calgary employment rate hit 10.6 per cent while Edmonton rose slightly to 11.9.
The losses were almost entirely concentrated in Ontario and Quebec, and mostly in the retail sector as lockdowns and restrictions closed many businesses.
Employment declines were heavy in the services sector and part-time work fuelling the largest monthly decline since April when some two million jobs were lost.
Statistics Canada said the losses in January now put the country 858,300 jobs, or 4.5 per cent, short of employment levels from last February just before the first wave of the COVID-19 pandemic.