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Canada adds 34.5K jobs, unemployment rate dips to 5.5%

Source: David Ljunggren, Reuters, February 7, 2020 

Canada’s goods-producing sector added 49,100 positions, almost half of which were in manufacturing

Canada added 34,500 jobs in January, more than twice the number markets were expecting, and the unemployment rate dipped to a near record low 5.5 per cent, Statistics Canada data indicated on Friday.

Analysts polled by Reuters had forecast a gain of 15,000 positions and for the jobless rate to stay at 5.6 per cent.

All the gains were in full-time jobs, said Statscan.

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