#Statistics Canada, #Ottawa, #Ontario, #part-time jobs, #minimum wage
Toronto, Feb 10 (Canadian-Media): Employment in Ontario declined by 51,000 in January, entirely due to approximately 59,000 part-time jobs being scrapped by Ontario in January, the same month when there was a hike in minimum wage in Ontario to $14 an hour in part-time work, Statistics Canada reported.
Statistics Canada, was reportedly formed in 1971 and headquartered in Ottawa, Ontario and is government agency of Canada entrusted with producing statistics to help better understand Canada, its population, resources, economy, society, and culture.
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There was not much change in the unemployment rate, Stastics Canada reported, which was 5.5 percent as fewer people participated in the labour market.
Compared with January 2017, employment in the province grew by 104,000 (+1.5%) and the unemployment rate declined by 0.9 percentage points.
That meant there was 3.4 percent or 46,100 fewer part-time posts in January 2018 than the same time the previous year.
Some economists said that an increase of minimum wage in Ontario by $2.40 per hour to $14 per hour at the beginning of the year could have resulted in mass job losses as employers look to reduce costs.
Although some economists reportedly felt that Ontario’s minimum wage increase played a role in those declines, but financial experts reported that it was too soon to know how much the two factors were correlated.
(Reporting by Asha Bajaj)