Statistics Canada announced on Friday that the number of employed people
jumped by 150,000 m-o-m in January 2023 (or +0.8 percent m-o-m) after a downwardly
revised advance of 69,200 m-o-m (from +104,000) in the previous month. That marked the largest gain in Canada’s employment since
February 2022 (+357,800).
Economists had forecast an increase of 15,000 m-o-m.
Meanwhile, Canada's unemployment rate remained unchanged at 5.0 percent in January,
being below economists’ prediction
of 5.1 percent.
According to the report, full-time employment soared by 121,100 (or +0.7
percent m-o-m) in January, while part-time jobs surged by 28,900 (or +0.8 percent
Over the month, the number of public sector employees grew by 31,500 (or
+0.8 percent m-o-m), while the number of private sector employees rose by 114,700
(or +0.9 percent m-o-m), and the number of self-employed edged up 3,700 (or +0.1
increased in both services-producing (+0.8 percent m-o-m) and goods-producing
(+0.6 percent m-o-m) industries.