TORONTO — Ontario shed some 59,300 part-time jobs in January as the province implemented a $2.40 cent minimum wage hike at the start of the month.
The Statistics Canada report says the province shed 50,900 jobs total from December 2017.
The agency provided data showing the province gained approximately 8,500 full-time positions but lost roughly 59,300 part-time ones, noting that the figures are rounded.
That's 46,100 fewer people in part-time posts in January 2018 than the same time the previous year — a 3.4 per cent drop.
The province hiked minimum wage by some 20 per cent to $14 per hour at the beginning of the year, a move some economists said could result in mass job losses as employers look to reduce costs.
The Conference Board of Canada's chief economist Craig Alexander said in a note that while some may speculate the provincial employment drop could be related to the new minimum wage, there is a lot of volatility in job numbers and time will tell to what extent the two are correlated.
The Canadian Press