4 reasons for concern buried in Friday's booming jobs report - News Summed Up

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4 reasons for concern buried in Friday's booming jobs report


The country's unemployment rate dipped to 6.8 per cent last month as the economy added 48,000 jobs, Statistics Canada reported Friday. Employment in manufacturing declined by 7,500 jobs in January, and is down 2.2 per cent in the past year. Another sector, IT, also lost 12,500 jobs during the month, which is further reason for concern. They're mainly part-timeAs has been the case for several months in a row, growth in part-time jobs outpaced full-time ones in January by more than two to one. They're paying lessThat's because, all things being equal, part-time work pays less than full time.


Source: CBC News February 11, 2017 09:56 UTC



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