Friday , October 22 2021

The unemployment rate in Canada is low; economy added 94,100 jobs in November



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In November, the Canadian Institute of Statistics broke down 94.100 jobs in high-time full-time recruitment and the unemployment rate dropped to a new 5.6 percent.

Earnings were much more than 11,000 new positions in a Reuters survey. In full-time jobs, 89.900 people increased in stronger private sector recruitment, while part-time positions increased by 4.1100.

The report will provide some relief for Stephen Poloz, the Governor of Canada, who said Thursday that the economic data has been disappointing since October.

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On the other hand, the continuous increase in annual wage increases of employees – a figure closely followed by the central bank – fell for the sixth month in a row, dropped to 1.5 percent, the lowest since 1.2 percent in July 2017 .

The 94,100 increase in the number of jobs created – a jump of 0.5 percent per month – the biggest record left behind in March 2012 at 94,000.

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