Canada's volatile jobs survey posts biggest monthly drop since 2009

Jobless rate at 5.9

"It's good to see the local job market has remained healthy and most signs point to that continuing, as we know employers are looking for people", Jill Halyk, executive director of the Workforce Planning Board of Grand Erie, said Friday. Some research has suggested a reduction in hours or jobs follow mandated wage bumps, while other studies suggest no long-term connection between wage increases and dips in employment rates.

Ontario lost 59,300 part-time positions and created 8,500 full-time spots.

The drop in jobs was driven by a 137,000 decline in part-time work, the biggest fall on record, which eclipsed a 49,000 increase in full-time positions.

Provincially, B.C. unemployment sat at 4.8 per cent in January, up slightly from 4.6, after shedding 5,100 jobs.

Nationally, Statistics Canada reported 88,000 thousand jobs - all of them part time- were lost in January, pushing the unemployment rate for the country up to 5.9 per cent., up from 5.7 per cent last month.

The number of jobs in Canada fell by 88,000 in January to give the labour market its steepest one-month drop in nine years, Statistics Canada said Friday.

ACA exchange enrollment dropped by less-than-expected 3.7%
Sign-ups through the federal exchange fell 8.2 percent here previous year , down to 1.13 million from about 1.23 million in 2016. The president also often publicly referred to Obamacare as "dead" or "over".

"Given that it was concentrated in Ontario I think it's fair to say there's some kind of impact there".

Also, because the labour-force survey relies on Canadians to report their income and employment status, it is not as reliable as the Survey of Employment, Payrolls and Hours, which uses payroll-tax data and is released about six-to-eight weeks after the end of the month.

It triggered a backlash among much of the business community, which is dealing with rising interest rates, stricter mortgage rules and uncertain trade relations with the United States and Mexico.

The wage improvements in January arrived the same month that saw Ontario take the controversial step of raising its minimum wage. That number is tied with Quebec for second-lowest in the country, behind the national average of 5.9 per cent.

"Today's sour news is at least in part an offset to the unusually strong gains seen late previous year, and most likely does not represent the start of new trend". Pay started to increase late summer and accelerated to as high as 2.8 per cent in November. The Northeast had the lowest unemployment in B.C. last month.

"It doesn't change the broader narrative around the Bank of Canada".

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