Unemployment back at 5.8 per cent

46,000 new jobs pushes unemployment back down to 33-year low

With 46,000 new jobs in January, Canada's unemployment rate dropped back down to 5.8 per cent, matching the record 33-year low recorded in October 2007.

All of the new jobs in January came in the form of full-time positions. Over the last 12 months, employment has grown by two per cent and full-time work has been growing twice as fast as part-time work.

Professional, scientific and technical services and construction and manufacturing saw the most employment gains in January, while there were job losses in information, culture and recreation as well as retail and wholesale trade.

Even with the 18,000 new manufacturing jobs in January, the manufacturing sector lost 113,000 jobs over the past 12 months, with most of the losses in Quebec and Ontario.

The labour market is still booming in the West. British Columbia's employment rate hit a record high of 63.9 per cent and Alberta's rate reached its own record at 72.1 per cent. Albert and Manitoba had the lowest unemployment rates in the country at 3.2 per cent and 3.8 per cent respectively.

Older workers were the fastest growing segment of the workforce last year. Employment among workers aged 55 and over increased 10 times faster than among workers aged 25 to 54.

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