Canada's unemployment rate drops for first time since 2022: report

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Canada's unemployment rate drops for first time since 2022: report
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Canada's unemployment rate fell 0.1 percentage points to 5.7 per cent in January, according to Friday's Statistics Canada labour force survey, the first decline in over a year.

A man walks though a downtown Toronto office building with other buildings reflected in a window in this June 11, 2019 photo. THE CANADIAN PRESS/Graeme RoyCanada's unemployment rate fell 0.1 percentage points to 5.7 per cent in January, according to Friday's Statistics Canada labour force survey, the first decline in over a year.

Wage growth, which has remained strong as workers seek compensation for inflation, is also expected to slow.Canada's unemployment rate fell 0.1 percentage points to 5.7 per cent in January, according to Friday's Statistics Canada labour force survey, the first decline in over a year.

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