January unemployment edges up nationwide but unchanged in Victoria, Stats Canada

StatCan jobs

StatCan jobs

The provinces with the highest employment rate for last month were Alberta (66.5%), Saskatchewan (64.9%) and Manitoba (63.8%).

Canada saw 66,800 net new jobs in January, fuelled by a hiring surge in the private sector.

The average year-over-year wage growth of permanent employees - a figure closely watched by the central bank - was 1.8 percent in January, up slightly from 1.5 percent in December. Stephen from 7.1 to 6.5, Fredericton-Oromocto from 7.9 to 7.7 and Edmundston-Woodstock from 7.4 to 7.3.

Another month, another unemployment rate increase in Prince George.

"We're working hard to nurture a sustainable economy that works for people".

Employment declined for the second straight month in the province. Employment in the Calgary region rose by 2,900 month over month and by 6,900 year over year.

The biggest boost came from the number of private-sector employee positions, which climbed by 111,500 in January for the category's biggest month-to-month increase since the agency started collecting the data point in 1976.

"Definitely the headline job gain was very impressive", said BMO chief economist Douglas Porter.

He credited recent job gains drawing people back in as for why the participation rate is running at its highest level since 2017.

The numbers Friday also showed that, year-over-year, the number of employee hours worked were up 1.2 per cent compared to 0.9 per cent in December.

"Overall, it's been a good day for readings on the Canadian economy".

The region also lost 700 full-time jobs and gained 400 part-time jobs month-over-month. The youth jobless rate edged up to 11.2 per cent, from 11.1 per cent in December as more young people looked for work.

By region, Ontario and Quebec had the biggest employment increases last month. "So while today's data will be bullish for the Canadian dollar and bearish for fixed income, the Bank of Canada is still likely on the sidelines for the first half of 2019".

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