Canada loses 212,800 jobs in January, unemployment rate 9.4%

Reuters · 02/05/2021 13:35
Canada loses 212,800 jobs in January, unemployment rate 9.4%

- Canada lost 212,800 jobs in January, the largest monthly decline since April 2020, and the unemployment rate rose to 9.4%, Statistics Canada data showed on Friday.

The loss missed analyst estimates of a loss of 47,500 jobs, while the unemployment rate missed estimates of 8.9%.


(Reporting by Julie Gordon in Ottawa; editing by Jason Neely)

((julie.gordon@thomsonreuters.com; 343-961-4020;))