February 6, 2009 / 12:06 PM / 8 years ago

Canada January job losses biggest on record

1 Min Read

(Reuters) - Canada's unemployment rate jumped to 7.2 percent in January from 6.6 percent as employers cut a record 129,000 workers from payrolls, the biggest monthly job loss ever recorded in the survey, Statistics Canada said on Friday.

Job losses in the manufacturing sector were also the heaviest recorded since Statscan began collecting the data in 1976.

Jan 2009 Dec 2008

Jobs gain/loss -129,000 -34,400

full-time -113,900 -70,700

part-time -15,100 +36,200

Unemployment rate 7.2 pct 6.6 pct

Participation 67.4 pct 67.6 pct

Labor force 18.292 mln 18.320 mln

Jan 2009 Jan 2007 Pct change

Avg hourly wage C$22.59 C$21.58 +4.7

NOTE: Analysts surveyed by Reuters had expected the economy to lose 40,000 jobs in January and the unemployment rate to rise to 6.8 percent. The employment figures are seasonally adjusted. Hourly wage figures are for permanent employees.

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