But let's worry about debt instead because that's 'real' lol
More than 200,000 jobs created in 2016 as a whole, official figures show
Canada added more than 50,000 jobs in December, bringing the total for 2016 to 214,000.
The total for last month was 54,000, according to Statistics Canada. The economy actually added 81,000 full-time jobs during the month, but that was slightly offset by a loss of 27,000 part-time positions.
The results were a positive surprise to economists, who had been expecting a slight loss of jobs during the month.
Because more people were looking for work, too, the unemployment rate ticked up to 6.9 per cent. But that's not necessarily bad news, economist Derek Holt at Scotiabank said. "Faster entry into the job market in search of employment while still getting a robust employment gain is a win-win for the economy," Holt said.
"Recall that a criticism of last year's job gains had been that they were all part-time in nature. Not any longer!"
The year 2016 was the best for job creation in Canada since 2012, the data agency said.
More than 200,000 jobs created in 2016 as a whole, official figures show - Business - CBC News
More than 200,000 jobs created in 2016 as a whole, official figures show
Canada added more than 50,000 jobs in December, bringing the total for 2016 to 214,000.
The total for last month was 54,000, according to Statistics Canada. The economy actually added 81,000 full-time jobs during the month, but that was slightly offset by a loss of 27,000 part-time positions.
The results were a positive surprise to economists, who had been expecting a slight loss of jobs during the month.
Because more people were looking for work, too, the unemployment rate ticked up to 6.9 per cent. But that's not necessarily bad news, economist Derek Holt at Scotiabank said. "Faster entry into the job market in search of employment while still getting a robust employment gain is a win-win for the economy," Holt said.
"Recall that a criticism of last year's job gains had been that they were all part-time in nature. Not any longer!"
The year 2016 was the best for job creation in Canada since 2012, the data agency said.
More than 200,000 jobs created in 2016 as a whole, official figures show - Business - CBC News
