-129,000 jobs

emp
StatsCanada is reporting the largest one month decline in jobs since the methodology for their labour force survey was changed in 1976.

There is not much to comment on as the chart tells you all you need to know about the January job picture.

The local picture is much brighter however as the unemployment rate for Victoria nudged up only slightly to 4%. In this economy any unemployment rate below 5% has to be considered very good.

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