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Canada adds 94,100 jobs in Nov, unemployment rate hits record low

Published 2018-12-07, 08:36 a/m
Updated 2018-12-07, 08:40 a/m
© Reuters.  Canada adds 94,100 jobs in Nov, unemployment rate hits record low

OTTAWA, Dec 7 (Reuters) - The Canadian economy added a record 94,100 jobs in November on higher full-time hiring, and the unemployment rate dipped to a new all-time low of 5.6 percent, Statistics Canada said on Friday.

The gain was much greater than the 11,000 new positions forecast in a Reuters poll. Full-time jobs jumped by 89,900 on stronger private sector hiring while part-time positions edged up by 4,100.

The report will provide some relief for Bank of Canada Governor Stephen Poloz, who said on Thursday that economic data since October had been disappointing. said, the average year-over-year wage growth of permanent employees - a figure closely watched by the central bank - dropped for the sixth month in a row, falling to 1.5 percent, the lowest since the 1.2 percent seen in July 2017.

The 94,100 increase in the number of jobs created - a 0.5 percent month-on-month jump - is the largest on record, eclipsing 94,000 in March 2012.

<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Graphic - Canada jobs, unemployment

http://link.reuters.com/fax39t Graphic - Full-time vs. part-time

http://link.reuters.com/pev29v Graphic - Temporary vs. permanent

http://link.reuters.com/xuf98v Graphic - Canada economic snapshot

http://tmsnrt.rs/2e8hNWV

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Latest comments

sorry I meant 24000
actually Alberta added 2400 jobs which cbc said was unexpected. check it out on cbc
The numbers should be given by province
this definitely is not talking about Alberta!!! The pain here is unreal.
A better insight as to the sector these jobs are in would be beneficial.
Are u kidding me
What?
Are u kidding me
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