Statistics Canada has released its January employment figures, showing a slight decline in the national unemployment rate. Here’s a quick overview:
Unemployment rate: 6.6% (down from 6.7% in December)
Employment rate: 61.1% (up from 61.0%)
Participation rate: 65.5% (up from 65.4%)
Total unemployed: 1,490,600 (down from 1,505,500)
Total employed: 20,993,400 (up from 20,917,400)
Youth (15-24 years) unemployment rate: 13.6% (down from 14.2%)
Men (25+ years) unemployment rate: 5.6% (up from 5.5%)
Women (25+ years) unemployment rate: 5.4% (down from 5.5%)
These figures indicate slight improvements in employment across most demographics, with notable job gains among youth and women over 25.