FX.co ★ Part Time Employment in Canada Surges to 48.9K in January 2024

TORONTO - The latest data from Statistics Canada reveals a significant surge in part-time employment in the country. In January 2024, the number of part-time jobs reached a record high of 48.9K, marking a substantial increase compared to the previous month. The December 2023 report indicated a mere 0.3K in part-time employment.

These latest statistics indicate a promising trend in Canada's labor market, suggesting a potential shift in employment patterns. With the increased availability of part-time jobs, individuals seeking flexible work arrangements may find more opportunities in various sectors.

The data was recently updated on February 9, 2024, providing economists and policymakers with valuable information for monitoring and assessing the overall health of the Canadian labor market. Analysts will continue to monitor the employment trends in the upcoming months to gauge the stability and resilience of the Canadian economy.