It’s a piece of data from statistics Canada that caught experts off guard January saw 37,000 new jobs added across the country most of the gains are from part-time positions there were around 49,000 new part-time roles added compared to the 11,000 full-time jobs lost in January that brought the
Unemployment rate down from 5.8% in December to 5.7 the first decrease in more than a year the Royal Bank of Canada was predicting the country would add 10,000 jobs you got to take it with a take a little bit of self because it’s not as strong as as it just appears on
On at a first glance economists like TD’s James Orlando say even though the numbers look strong it could offer signs to the central bank to delay any cuts to its overnight lending rate but he says more data will shape the bank of Canada’s decision the stats Canada report also noted hourly wages increased
By more than 5% year-over-year something Governor Tiff mckam noted would be inconsistent consistent with fighting inflation unless there were increases in productivity that’s not a sign of economy headed for recession um you know and the fact that we have some some weak underlying details just means that you
Know we’re in this sort of um in between state right now at the end of January stats Canada reported real GDP Rose 0.2% in November spurred by the production of goods current estimates show GDP could continue to rise and increased productivity combined with consistent population growth could steer Canada
Away from recession while maintaining the status quo on interest rates Kyle Benning Global News
Statistics Canada said the country’s economy added 37,000 jobs in January, which is double what was expected.
The unemployment rate also dipped to the lowest level in more than a year.
While the headlines show Canada might be in a more stable economic position, the report could play a factor in the central bank’s fight against inflation.
Global’s Kyle Benning reports.
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still isn't affordable to live here though.
Full time -11.6K Part time 48.9K. More people are doing Uber or DoorDash. This country is a joke.
But government journalists lose like 6,000. Ruh Roh.
MacDonald job and advertising churches
With all the job losses, those people had to find work somewhere just to survive, so where is the surprise. It doesn't mean the economy, job market or people's lives are good.
So need only another 450k jobs to match the number of new immigrants from last year?
That was a biden typo. It was 370,000 loss.
Propaganda.
While GDP declines.
It is time for Tiff Macklem to go back to work and keep hiking the interest rate.
Canadians are still filthy rich and Canadian economy is burning hot.
Part time jobs ARENT THE SAME
Bell Canada has taken care of those numbers…
Seriously, we are grtti g like 500k immigrants and hundreds of thousands of foreign students this numner doesnt mean much we country has such high intake of new population
His earbuds are gonna fall out
More people should become PSWs there is always a huge demand, especially male workers
no worries friends, "it will balance itself out" – JT
Part time jobs are not…
Justinian Trudeau: 1
Connie Crybabies: 0
1-2days/week part time job should not be included in the employment stats. low unemployment rate is what the government keeps claiming.
37K Tim Hortons, Uber Drivers and DoorDash jobs.
Big deal people taking two jobs is not a brag, and when we brought in 450,000 immigrants in the 4th quarter of 2023 that’s pitiful
800k refugees, 49k jobs
WIN!!
8 hours a week at door dash shouldn’t even count!
Let's Go Bell Canada!
Canada needs more India immigrants
It's better to unalive yourself at this point ???
We added half a million new people in that time so 37000 part time jobs is a joke