Jobless rate down in November
Jobless rate down in November Canada cranked out 59,000 new jobs in November as an increase in full-time work helped push the unemployment rate down 0.2 percentage points to 7.2%, according to statistics released today. Statistics Canada said Friday there were job gains in Ontario, Quebec, Alberta, Manitoba and Prince Edward Island. There was little change in the other provinces. Much of the job gains came from the private sector, because public-sector jobs and the number of self employed people were basically unchanged. The strong jobs number beat economists' expectations by a long shot, and was a big rebound from a flat showing the previous month. The decline in the jobless rate was especially significant, as Canada's unemployment rate had been stagnating at around 7.4% for a few months. The unemployment rate dropped because the 59,000 new jobs number was large enough to offset the 19,000 new workers who entered the workforce during the month. Within the numbers, the food service, retail and agricultural sectors saw strong gains, whereas the manufacturing sector shrank, continuing its long-term trend.
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here