Unemployment rate jumps to 6.8% in Dec. despite job gain
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The Canadian labour market data for December is due for release today at 13:30 GMT. Statistics Canada is expected to show that there was a reduction in the labor force as 5K workers were fired, against hiring of 53.
OTTAWA, Dec 5 (Reuters) - Canada's unemployment rate once again defied expectations and fell to a 16-month low in November as a solid gain in part-time jobs boosted the number of people employed for the third time in a row, data showed on Friday.
The unemployment rate in Canada decreased to 6.50% in September from 6.60% in August 2024, defying market expectations of an increase to 6.7%. This was the first decline in the unemployment rate since January. The unemployed population fell by 30,800 from ...
OTTAWA--Slack in Canada's job market continued to grow, with muted hiring in October leaving the unemployment rate unchanged and further signs job-seekers are growing frustrated by the lack of openings. Soft labor data for the month builds on indications ...
OTTAWA (Reuters) -Canada's unemployment rate in May jumped to its highest level in almost nine years, excluding the peak of the COVID-19 pandemic, with 1.6 million jobless people in the country, data showed on Friday. The unemployment rate ticked up to 7% ...
The unemployment rate in Canada has risen to 7.1% in August, the highest level since May 2016 outside of the pandemic era, Statistics Canada (StatCan) reported Friday. The surge in the jobless rate was driven by a 66,000 drop in employment in August, which ...