Statistics Canada (StatCan) is reporting that January employment fell by 213,000 or -1.2%. The decline in January followed a 53,000 decline or -0.3% in December, bring employment to its lowest level since August 2020. Most of the January losses were in part-time work and concentrated in the Ontario and Quebec retail sectors and in Newfoundland and Labrador. As a result, the unemployment rate rose 0.6% to 9.4%, the highest rate since August 2020. January’s declines were centered in three services-producing industries all which were impacted by new and continuing public health restrictions—accommodation and food services (-8.2%), retail trade (-7.4%), and information, culture and recreation (-2.4%). On a positive note, employment increased in in Alberta, Manitoba, Nova Scotia and Prince Edward Island, and held steady in British Columbia, Saskatchewan and New Brunswick.
FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.
Labour Force Survey, January 2021