Canada's jobless rate falls to 6.8%, 11,000 jobs created in November
Canada's jobless rate dipped in November to 6.8 per cent, as the economy created 10,700 jobs and fewer people looked for work, Statistics Canada said Friday
After two months of unexpectedly high job creation numbers, November's results were more modest, but still enough to lower the unemployment rate from seven per cent the previous month.
Compared to a year earlier, there are 183,000 more jobs, but concern remains over the quality of employment, as most of the jobs created were part time, while the number of full-time jobs continues to erode.
The number of people working part time increased by 214,000 compared to a year earlier, while full-time work dipped by 30,000 jobs. The total number of hours worked rose 1.1 per cent and average wages were ahead by 1.5 per cent on an annual basis, generally lower than inflation.
Canada's jobless rate falls to 6.8%, 11,000 jobs created in November - Business - CBC News
Canada's jobless rate dipped in November to 6.8 per cent, as the economy created 10,700 jobs and fewer people looked for work, Statistics Canada said Friday
After two months of unexpectedly high job creation numbers, November's results were more modest, but still enough to lower the unemployment rate from seven per cent the previous month.
Compared to a year earlier, there are 183,000 more jobs, but concern remains over the quality of employment, as most of the jobs created were part time, while the number of full-time jobs continues to erode.
The number of people working part time increased by 214,000 compared to a year earlier, while full-time work dipped by 30,000 jobs. The total number of hours worked rose 1.1 per cent and average wages were ahead by 1.5 per cent on an annual basis, generally lower than inflation.
Canada's jobless rate falls to 6.8%, 11,000 jobs created in November - Business - CBC News
