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DJ Canada Loses 212,800 Jobs in January

DJ Canada Loses 212,800 Jobs in January

· 02/05/2021 08:40

By Paul Vieira

OTTAWA--Canadian employment plunged in January, the second-straight month of job losses, as economic restrictions meant to contain a second wave of Covid-19 infections weighed on activity.

Canadian employment declined by a net 212,800 jobs in January on a seasonally adjusted basis, Statistics Canada said Friday. Market expectations were for a decline of 46,000 jobs, according to economists with TD Securities. January's drop was the biggest one-month decline since last April.

The unemployment rate rose in January from the previous month, to 9.4%, or the highest level since August. Expectations were for the jobless rate to remain unchanged.

Write to Paul Vieira at paul.vieira@wsj.com

(END) Dow Jones Newswires

February 05, 2021 08:40 ET (13:40 GMT)

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