London’s unemployment rate rises slightly
Published Friday, February 9, 2018 11:39AM EST
The jobless rate in London has gone up.
Statistics Canada says London’s unemployment rate in January was 6.5 per cent, compared to 6.2 per cent in December.
On a national level, the number of jobs in Canada fell by 88,000 in January to give the labour market its steepest one-month drop in nine years, Statistics Canada said Friday.
The overall number was dragged down by a loss of 137,000 part-time positions in what was easily the category's largest one-month collapse since the agency started gathering the data in 1976.
Statistics Canada's latest jobs survey said the net decline helped push the national unemployment rate up to 5.9 per cent in January, from a revised 5.8 per cent the previous month.
But on the other hand, the agency said the economy generated 49,000 full-time positions last month.
A closer look at the numbers revealed that the number of paid employee positions also experienced a significant loss last month by shedding 112,000 positions.
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.
Even with the overall decline in January, Canada has been on a strong run of job creation that has seen the country add 414,100 full-time jobs over a 12-month period. The growth represents an increase of 2.8 per cent.
Over that same period, the number of less desirable part-time positions declined by 125,400 or 3.5 per cent.
The January reading marked the end of a 13-month streak of job gains, however, about half of those positive numbers were within the survey's margin of error.
By region, the agency said Ontario and Quebec saw the biggest decreases last month, while New Brunswick and Manitoba also had net losses.
With files from The Canadian Press.