BREAKING: Canada loses a stunning 213,000 jobs in January

According to the survey, employment fell by 1.2 percent, or 213,000 jobs, in January, with losses "entirely in part-time work and were concentrated in the Quebec and Ontario retail trade sectors."

The January drop follows a drop of 53,000 in December. This is the lowest participation of Canada's workforce since August 2020.

"The labour force participation rate—defined as the percentage of the population aged 15 and older who are employed or unemployed—fell 0.3 percentage points in January to 64.7%, the lowest rate since August 2020," says StatCan.

858,000 Canadians are out of work compared to February of 2020, showing the impact the pandemic and its resulting lockdowns have had on Canada.

"Among Canadians who worked at least half their usual hours, the number working from home increased by nearly 700,000 to 5.4 million in January, surpassing the previous high of 5.1 million in April," the release states.

As previously mentioned, job losses in the province were concentrated mainly in Canada's two largest provinces by population, Ontario and Quebec.

"The decline was highly concentrated in Central Canada, with losses in Ontario and Quebec totalling 251,000. Employment also fell in Newfoundland and Labrador.

"Employment rose in Alberta, Manitoba, Nova Scotia and Prince Edward Island, and held steady in British Columbia, Saskatchewan and New Brunswick," the survey states.

Youth employment also fell by nearly twice as much as the average worker, with 74,000 workers aged 15 to 19 losing their jobs compared to 34,000 in the 20 to 24 range.