Omicron Statistics showed a slowdown in Canada's job growth in January.

According to the results of Canada's Labour Force Survey, the country shed 200,000 jobs in January.

In January, companies of Canada were forced to close due to an increase in Omicron illnesses. Accordingly, 200,000 positions were lost in Canada, and joblessness took off to 6.5 percent.

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Statistics The most recent Labor Force Survey in Canada covers the week of January 9 to 15 and includes labor statistics from across the country. Capacity limitations in retail outlets and the shutdown of restaurants, pubs, music halls, and gyms were among the public health measures in place at the time. Many schools have likewise made the progress to web based learning.

Ontario and Quebec were the two provinces that had the most job losses. The hospitality and food service industries were the worst damaged. Youth (15–24 years old) and core-aged women (25–54 years old) were more likely than other groups to work in closed sectors. In January, the employment rate for core-aged adults who identify as members of visible minority groups fell by the same amount (-1.6 percentage points to 79.8%) as it did for those who are not visible minority and not Indigenous (-1.5 percentage points to 84.6%). (Not seasonally adjusted).

For the first time in nine months, unemployment has risen. According to the December Labour Force Survey, Canada's unemployment rate stood at 6% before Omicron. Impermanent cutbacks and people who were scheduled to begin working sooner rather than later contributed altogether to the increment in joblessness last month. The quantity of people looking for work has been very steady.

In an email to CIC News, Jim Mitchell, president of LHH Canada, stated, "There are multiple causes causing the bigger than predicted loss in Canadian jobs, including the closing of in-person schooling, indoor eating, and entertainment in some regions." "We are witnessing a decline in both full-time and part-time employment with one of the highest recorded unemployment rates since April 2021, although it is unclear if these drops are associated with January-related seasonal layoffs and voluntary resignations."

The Omicron model created a "larger-than-expected impact" in the Canadian economy, according to RBC senior economist Nathan Janzen. However, he believes the harm will be short-lived if governments reduce public health regulations.

"Notwithstanding the way that the January labour market information, gives off an impression of being especially horrible, we anticipate that the bounce back should start in February, with infection spread and regulation estimate previously diminishing in areas of the country (counting Ontario and Quebec)," Janzen expressed.

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