The
Canadian economy
beat expectations by adding 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 growth in employment was driven by a rise in part-time work, Statistics Canada said on Friday. The economy has added 181,000 jobs in the last three months, after employment growth was flat from January to August of this year.
Economists had been expecting the economy to lose jobs last month.
More to come…
Canada's unemployment rate falls to 6.5% as job growth smashes expectations
2025-12-05 13:39:45
