Unemployment rate drops to 6.5% in January despite 25,000 job losses: StatCan
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Statistics Canada said Friday the economy lost 25,000 jobs in January, holding the unemployment rate drops to 6.5 per cent.
January’s job losses mostly came from the private sector and part-time work, and were largely concentrated among women aged 25 to 54.
Ontario bore the weight of job losses last month, particularly in the manufacturing sector.
StatCan said manufacturing shed 28,000 positions in January and is down roughly 51,000 jobs from a year earlier – before U.S. tariffs hampered the industry.
Also seeing losses were the education sector and the professional, scientific and technical services industry. There were some gains in the information, culture and recreation sector and the business, building and other support services industries to offset the losses.
January’s labour force survey marks the first net loss of jobs since August.
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