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

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

· 02/05/2021 08:35
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;))