Canada adds 150,000 employment in January

Ottawa: Statistics Canada said that 150,000 people were employed in the economy in January.

Last month, 153,000 people joined the labour force and the unemployment rate remained steady at 5 per cent. Earlier, unemployment had registered a steep decline of 4.9 per cent. There has been an increase in employment in almost every sector and the biggest benefit of this has been wholesale and retail.

During this period, an increase of 4.5 percent was recorded in allowances on a year-on-year basis.

Experts say that the increase in interest rates will slow down the pace of the economy, but the way the situation is visible, the situation is not so bad.