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Canadian economy adds over 60 thousand jobs in November

Last Updated Dec 4, 2020 at 8:57 am EST

A woman checks out a jobs advertisement sign during the COVID-19 pandemic in Toronto on Wednesday, April 29, 2020. THE CANADIAN PRESS/Nathan Denette

Statistics Canada says the economy added 62,000 jobs in November compared with an addition of 84,000 in October.

There were approximately 99,000 full-time jobs regained by the economy last month while a little more 30,000 part-time jobs were lost.

The unemployment rate fell to 8.5 per cent compared with 8.9 per
cent in October.

Employment rose by 0.3 per cent for the month, compared with 0.5 per cent in October. That contrasts with the period between May and September, when employment grew by an average of 2.7 per cent per month.

The average economist estimate had been for a gain of 20,000 jobs and the unemployment rate to remain unchanged, according to
financial data firm Refinitiv.

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