The US economy added 225,000 jobs in January, beating expectations

A help wanted sign is seen in the window of the Unika store on Sept. 4 2015 in Miami Florida.				
			Joe Raedle  Getty Images

A help wanted sign is seen in the window of the Unika store on Sept. 4 2015 in Miami Florida. Joe Raedle Getty Images

The increase was due to 574,000 more people joining the work force and not all of them finding jobs.

"When we look at growth in the province overall, the forecast is pretty solid and (London) should pick on some of that", he said. The service sector, on the other hand, added 14,500 positions in January. Motor vehicles and parts lost 11,000 jobs over the month.

Compared with January 2019, the number of jobs in Canada increased by 268,000, or 1.4%.

The U.S. economy added 225,000 jobs in January, with mild weather and the easing of trade tensions helping to boost hiring, according to the Bureau of Labor Statistics.

The labor force participation rate, or the proportion of working-age Americans who have a job or are looking for one, rose two-tenths of a percentage point to 63.4% last month, the highest since June 2013.

The Labor Department's closely watched monthly employment report on Friday is, however, expected to show job gains from April 2018 through March 2019 were not as robust as originally estimated. The manufacturing group added 20,500 jobs for the month, while the construction subsector added 15,800.

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It was "another encouraging report for Canada's economy around the turn of the year that in turn adds to the backing for the BoC to maintain steady rates in the near term", said Ryan Brecht, a senior economist at Action Economics. That dropped London's unemployment rate by 0.6 per cent to 5.0. Average wages went up to $28.83/hour. Business investment has been weak and the manufacturing sector - which is often viewed as an indicator of future trends - shed 12,000 jobs in January.

"Keep in mind that from mid-2018 to mid-2019, jobs were falling just as fast as they were rising over the previous six months".

Meanwhile, the United States health care sector added another 36,000 jobs in the month, and has grown by 361,000 over the past 12 months, according to the report.

Regionally, Quebec added 19,100 jobs in January, while Manitoba added 6,500 jobs. The number of jobs fell by 18,900 in Alberta.

The four-week average is considered more reliable as it smooths out sharp fluctuations in the more volatile weekly figures, giving a more accurate picture of the health of the labour market. "So the picture remains decidedly mixed", Mendes wrote in a report.

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