Canadian economy adds over 60 thousand jobs in November
Posted December 4, 2020 8:55 am.
Last Updated December 4, 2020 8:57 am.
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.
# Breaking The labour market recovery continues.
Canada adds 62,100 jobs in November.
(Full-time up 99,400, Part-time down 37,400)
Jobless rate now 8.5% (down 0.4%)— Mike Eppel (@eppman) December 4, 2020
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.
