gamezna.com
gamezna.com December 12, 2017

Main » Canada's jobless rate hits lowest since 2008 as hiring spikes

Canada's jobless rate hits lowest since 2008 as hiring spikes

04 December 2017

The increase also marked Canada's 12th straight month of positive job creation as the country posted its best 12-month performance in 10 years.

Statistics Canada says the province lost 200 full-time and 2,500 part-time positions last month, driving the jobless rate up 0.5 percentage points from 7.8 per cent the month before.

Canada's unemployment rate dropped right through the 6-per-cent level, registering 5.9 per cent, down from 6.3 per cent the month before.

Canada's unemployment rate sank to the 5.9 per cent in November from 6.3 per cent in October, thanks to 79,500 new jobs.

Of the 80,000 jobs created in November, 39,000 were created in the wholesale and retail sector, which has seen a 3 per cent increase in employment over the previous 12 months.


Canada's unemployment rate in November fell to its lowest in almost a decade, as Ontario and B.C. lead in employment growth, says Statistics Canada.

In fact, the number of full-time jobs has increased by an even larger number - 441,000 in the past year, StatsCan said, for the strongest pace in 18 years.

Statistics Canada reports that Ontario has seen a downward trend in its unemployment rate since the start of 2016, with year-over-year employment gains totalling 181,000, or 2.6 per cent, all of it full-time work.

Ontario was Canada's job-gains leader, employing 44,000 more people, boosted largely by manufacturing and wholesale and resale trade; the province's unemployment rate was 5.5 per cent, its lowest since July 2000, Statistics Canada said.

Quebec added 16,000 jobs in November, growing its employment rate for the second consecutive month.

Canada's jobless rate hits lowest since 2008 as hiring spikes