January Unemployment Rate

Canada added 76-thousand jobs in January as the unemployment rate fell to 6.6 per cent. However, Newfoundland and Labrador’s unemployment rate went up slightly from 10.5 in December to 10.6 per cent in January. Meanwhile, Prince Edward Island’s unemployment rate dropped from 8.5 to 7.2 per cent and New Brunswick’s dropped from 7.7 per cent to 6.4 per cent. Nova Scotia also followed the national trend and saw unemployment go down from 6.3 per cent in December to 5.9 per cent in January.