Canada, November and jobless rate
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Canada's unemployment rate once again defied expectations and fell to a 16-month low in November as a solid gain in part-time jobs boosted the number of people employed for the third time in a row, data showed on Friday.
The country’s unemployment rate fell to 6.5 per cent in November from 6.9 per cent in October, Statistics Canada reported Friday in its Labour Force Survey. The decrease was fuelled by growth in part-time jobs, and a corresponding decline in the youth unemployment rate, which reached a four-year peak in September of this year.
The Canadian economy beat expectations to add 54,000 jobs in November, driving the unemployment rate down to 6.5 per cent from 6.9 per cent a month earlier. It was the second consecutive monthly decline in the jobless rate, which peaked at 7.1 per cent in September, the highest it has been outside the pandemic since May 2016.
The unemployment rate in the Swift Current-Moose Jaw region dropped slightly last month compared to a year earlier, even as the local labour market continues to shrink. Statistics Canada released its November labour market figures recently,
Canada’s unemployment rate dropped substantially and unexpectedly to 6.5% in November, from 6.9% in the prior month.
Canada's unemployment rate dropped to a 16-month low due to robust part-time job growth, especially in the healthcare and social assistance sectors. Significant increases in youth employment boosted the numbers,
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