🧵It’s Jobs Day! Here’s what you need to know:

It was another ho-hum month for Canada’s labour market. The Canadian economy added just 37k jobs in Jan (+0.2%), less than the rate needed to keep pace with population. Meanwhile, Alberta’s labour market remains is a slightly…

2) Interestingly, unemployment did not tick up nationally or provincially. In fact, it declined slightly. This was the result of a small decrease in the number of people actively looking for work in January. #abecon #cdnecon

3) However, by other measures, we are seeing early signs of slowing. For instance, the measure of unemployment which includes those people looking for full-time work (but currently employed part-time) has increased, especially in Alberta and among older Albertans (55-64). #abecon …

4) From an industry perspective, January saw a return to a previous trend in the province: jobs growth was led by services industries. Transportation & warehousing, finance & insurance, and education all continued to add to their workforce while construction—despite high activity…