Canada announces huge job gains, unemployment rate drops to 6.0%

OTTAWA (Reuters) – Anada’s economy posted an unexpectedly large job gain in November, while the unemployment rate fell to new pandemic lows and working hours returned to pre-pandemic levels, data showed. whether showed on Friday.

The Canadian economy added 153,700 net jobs in November, well above analyst expectations of 35,000, while the unemployment rate fell to 6.0%, beating consensus estimates. was 6.6%, Statistics Canada data showed.

Employment increased in both the services and manufacturing sectors, and the gains were fairly evenly split between full-time and part-time work. Total hours worked rose 0.7%, returning to pre-pandemic levels for the first time.

The Canadian dollar traded 0.4% higher at 1.2760 against the greenback, or 78.37 US cents.

(Reporting by Julie Gordon in Ottawa; Editing by Toby Chopra)

https://whbl.com/2021/12/03/canada-posts-hefty-job-gain-unemployment-rate-dips-to-6-0/ Canada announces huge job gains, unemployment rate drops to 6.0%


USTimeToday is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@ustimetoday.com. The content will be deleted within 24 hours.

Related Articles

Back to top button