January was another great month for job creation. Statistics Canada released the January Labour Force Survey numbers this morning. Overall employment grew as the Canadian economy added 66,800 new jobs last month. This far outpaces the 8,000 jobs most economists had been predicting. However, the unemployment rate edged up to 5.8 per cent and more people began looking for work.
Year-over-year, the Canadian economy has added 327,000 new jobs seeing gains in both full-time (+166,000) and part-time (+162,000) work.
The biggest increase in employment last month came from the number of people working in the private-sector, which climbed by 111,500 new positions.
The services sector saw a gain of 99,200 positions, led by new work in wholesale and retail trade, on the flip side, the goods-producing industries experienced a net loss of 32,300 jobs in January.
Job changes by region
Employment rose by 3,600 new jobs in New Brunswick last month, while the unemployment rate in the province remained 8.2 per cent.
Ontario was the big winner for job gains in January. Employment in Canada’s largest province rose by 41,000, the result of an increase in full-time work. At the same time, more people joined the workforce (+31,000), pushing the unemployment rate up to 5.7 per cent.
Employment was up 16,000 in Quebec in January, driven by younger workers. The unemployment rate in the province was little changed at 5.4 per cent.
In Nova Scotia, employment increased by 6,100 over December 2018. The unemployment rate was little changed at 6.9 per cent. Employment also increased in Newfoundland and Labrador in January as that province added 4,800 jobs.
In Manitoba, employment was up 4,400 compared with December 2018. Meanwhile, by contrast, employment in Alberta declined for the second consecutive month, down 16,000 in January and in Saskatchewan the number of employed people decreased by 2,800.
Here’s a look at the unemployment rates by province (and jobs available right now on CareerBeacon)
Newfoundland and Labrador 11.4 per cent [View jobs in NL]
Prince Edward Island 9.9 per cent [Jobs in PEI]
Nova Scotia 6.9 per cent [Jobs in Nova Scotia]
New Brunswick 8.2 per cent [Available jobs in New Brunswick]
Quebec 5.4 per cent [See jobs in Quebec]
Ontario 5.7 per cent [Job opportunities in Ontario]
Manitoba 5.5 per cent [Jobs in Manitoba]
Saskatchewan 5.5 per cent [Jobs in Saskatchewan]
Alberta 6.8 per cent [Available jobs in Alberta]
British Columbia 4.7 per cent [See jobs in B.C.]
See the complete Labour Force Survey for January 2019 from Statistics Canada