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Canada Adds 76,000 Jobs, Unemployment Drops to 6.6%

  • Canada's unemployment rate fell to 6.6% in January, down from 6.7% in December, marking the second consecutive monthly decline, as reported by Statistics Canada.
  • The economy added 76,000 jobs in January, a decrease from 91,000 in December, but still a significant gain, according to Statistics Canada.
  • Youth unemployment decreased to 13.6% from 14.2%, with employment among those aged 15 to 24 rising by 1.1%, according to Statistics Canada.
  • Despite job growth, 1.5 million people remain unemployed, indicating ongoing challenges in the labor market, according to Statistics Canada.
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'Serious momentum': Jobs data blows past estimates as unemployment falls to 6.6%

OTTAWA — Canada's unemployment rate ticked down in January as the labour market added 76,000 jobs, beating economist expectations for the month and furthering speculation the Bank of Canada could decide against an interest-rate cut next month.

·Sault Ste. Marie, Canada
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City News broke the news in Toronto, Canada on Friday, February 7, 2025.
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