Canada loses 212,800 jobs in January, jobless rate jumps to 9.4%

Canada’s economy lost a net 212,800 jobs in January and the unemployment rate rose to 9.4%, reflecting the economic harm done by new restrictions to fight the coronavirus, Statistics Canada said on Friday.

Employment in the goods producing sector grew by a net 23,400 jobs, mostly in construction. The services sector shrank by a net 236,200 positions, largely in wholesale and retail trade, as well as accommodation and food services.

via Reuters

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