Montreal unemployment rate drops below Toronto's (again) in January

StatCan jobs

A worker walks on a construction site in Hamilton Ont

The government organization released the monthly report for January 2019, showing Medicine Hat's unemployment rate hit 7.7 per cent, up from 6.4 per cent in December 2018.

While there were close to 16,000 fewer jobs in January, on an annual basis employment was actually up by 10,700 positions.

RED DEER- For the second month in a row the Red Deer area unemployment rate was the lowest in Alberta.

Canada adds 67K new jobs in January, but unemployment rate rises to 5.8% .

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Nationally, the unemployment rate increased slightly to 5.8 per cent, up from 5.6 per cent in December 2018. Stephen from 7.1 to 6.5, Fredericton-Oromocto from 7.9 to 7.7 and Edmundston-Woodstock from 7.4 to 7.3.

The Canadian dollar jumped more than a quarter of a cent in the moments after Statistics Canada announced the jobs numbers.

Across Canada, StatsCan said the number of people employed grew by 67,000 in January, mostly among youth aged 15 to 24 and in the services-producing industries.

Despite the increase, Barrie's unemployment rate still remains lower than both the provincial and national averages. One year ago, the region's unemployment rate was 6.6 per cent.

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Most of the jobs were in the private sector, which recorded the biggest month-to-month increase since the agency started collecting the data point in 1976.

In a note to clients Friday, CIBC Chief Economist Royce Mendes wrote the latest job readings were "a auto stuck on one of Canada's clogged highways: speeding up then slowing down just to speed back up again".

"Overall, it's been a good day for readings on the Canadian economy", says Royce Mendes, senior economist at CIBC, in a research note.

"Labour markets still look solid". The Bank of Canada has expressed confidence that wage growth will pick up its pace.

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The region also lost 700 full-time jobs and gained 400 part-time jobs month-over-month. Canada's largest province added 41,000 jobs and saw 31,000 more people join the labour force.

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