Particle.news
Download on the App Store

Canada Jobless Rate Falls to 6.5% as November Adds 54,000 Jobs

A decline in the labour force helped lower the rate, setting up a key data point for the Bank of Canada.

Overview

  • Statistics Canada reported a third straight month of gains, bringing net job additions since September to 181,000.
  • Most of November’s increase came from part-time positions, with health care and social assistance leading the additions.
  • Youth employment rose by about 50,000 and the youth unemployment rate fell to 12.8%.
  • Average hourly wages increased 3.6% year over year to roughly $37.00.
  • The labour force shrank by about 26,000 people in November, and some reporting linked the smaller inflow to recent immigration curbs.