January 2023 employment numbers showed that job gains have stalled in the Brantford area job market, with the jobless rate continuing its recent climb.
Brantford-Brant’s unemployment rate increased to a six-month high in January, reaching 6.8%, up from December’s 6.4%, according to Statistics Canada estimates based on its monthly labour force survey of residents.
Ontario’s jobless rate dipped to 5.2% in January as the provincial economy added 63,000 jobs. Across Canada, the unemployment rate held steady, even though employment grew by 150,000.
Brantford’s labour market retreated in January after recording several months of gains in key categories. After reaching a two-year high to close out 2022, the size of the labour force shrunk in January and employment fell modestly.
“We’ve seen some very strong numbers in recent months for both total employment and more residents participating in the labour force. This has helped ease concerns over the jobless rate,” said Danette Dalton, the Workforce Planning Board’s executive director. “Now, unfortunately, we’ve seen some of those gains erode.”
Brantford employment rate still strong
Brantford and Hamilton were the only neighbouring communities where the unemployment rate increased in January. However, despite that, Brantford’s January 2023 employment rate of 65.7% still beats all its neighbours.
“There’s still some positives in the numbers,” Dalton said. “The unemployment rate only tells part of the story.”
After dipping in recent months, the number of jobs on the Grand Erie Jobs job board rebounded in January with 2,900 new postings across the region, which includes Haldimand, Norfolk, Six Nations and Mississaugas of the Credit, as well as Brantford and Brant.
Postings were led by jobs in health care and social assistance, including ones for nurses, PSWs and social workers. There were more than 700 positions in the sector in January, the highest level since the Workforce Planning Board launched Grand Erie Jobs in 2020.
Visit Statistics Canada’s website to read its news release on January 2023 employment in Canada and Ontario.