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Home » Canada’s unemployment rate dips for first time since 2022: StatsCan
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Canada’s unemployment rate dips for first time since 2022: StatsCan

staffBy staffFebruary 9, 20241 Min Read
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Canada’s job market added 37,300 jobs in January, StatsCan reported Friday, marking the first unemployment decrease since 2022.

In the same month, wage growth saw a slight decrease.

The decrease in unemployment is mostly due to less people seeking jobs, the report said: the participation rate (the number of working-age people who are employed) fell two points to 65.5%, from 65.5% in December.

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