Canada’s Unemployment Rate Drops Again in January, Job Gains Solid

Canada’s Unemployment Rate Drops Again in January, Job Gains Solid
A worker is seen doing his job at the Anchor Danly manufacturing plant in Windsor, Ontario, on Jan. 16, 2025. Reuters/Rebecca Cook/File Photo
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OTTAWACanada’s unemployment rate unexpectedly fell again and the economy posted solid job gains, data showed on Friday, in signs that joblessness was starting to ease from an eight-year peak, barring the pandemic years, in November.

The January unemployment rate was 6.6 percent, a notch below the 6.7 percent seen in the prior month, and the economy added a net 76,000 jobs, down from a revised 91,000 job added in December but still a robust gain.