๐Statistics Canada's Friday report reveals that the Canadian economy gained 37,000 jobs in January, marking a slight decrease in unemployment to 5.7%, the first decline since December 2022. While the overall employment figures surpassed economists' expectations, the positive change was predominantly fueled by an uptick in part-time positions, offsetting the loss of 12,000 full-time jobs. Average hourly wages continued their growth trend, rising by 5.3% compared to the previous year. Employment increases were notable in sectors like wholesale/retail trade and finance, while accommodation and food services experienced the largest decline. Last year, Canada's labor market faced challenges due to high interest rates impacting consumer spending and business investment.โ . ๐๐ง๐ฅ๐จ๐๐ค ๐ฒ๐จ๐ฎ๐ซ ๐๐ซ๐๐๐ฆ ๐ก๐จ๐ฆ๐ ๐ฐ๐ข๐ญ๐ก ๐๐๐ง๐จ๐ฃ ๐๐๐ซ๐๐ญ๐ก๐, ๐๐ง ๐๐ฐ๐๐ซ๐-๐ฐ๐ข๐ง๐ง๐ข๐ง๐ ๐๐๐๐ฅ๐ญ๐จ๐ซ ๐ข๐ง ๐๐ง๐ญ๐๐ซ๐ข๐จ. ๐๐๐ฅ๐ฅ: +๐ (๐๐๐) ๐๐๐-๐๐๐๐ ๐๐ฆ๐๐ข๐ฅ: ๐ฆ๐๐ง๐จ๐ฃ@๐ญ๐ก๐๐๐๐ง๐๐๐ข๐๐ง๐ก๐จ๐ฆ๐.๐๐จ๐ฆ @manojkaratha_realtor . . #CanadianEconomy #JobMarket #UnemploymentRate #StatisticsCanada #WageGrowth #EconomicRecovery #LaborMarketAnalysis #mnm #malayalisnearmeapp #canadaupdate #canadanews
Liked by Karthik Thirumala
98 Views