Canada Unemployment Rate Falls to 5.9%, Lowest Since 2008

The unemployment rate in Canada declined to 5.9 percent in November of 2017 from 6.3 percent in October and well below market expectations of 6.2 percent. It is the lowest jobless rate since February of 2008 as the economy added 80,000 jobs.

In November, employment increased for women 55 and older, for youth aged 15 to 24, and for core-aged men (25 to 54). There was little change for the other demographic groups.

Employment rose in Ontario, British Columbia, Quebec and Prince Edward Island. At the same time, fewer people were employed in New Brunswick, while there was little change in the other provinces.

A number of goods and services producing industries recorded employment gains: wholesale and retail trade, manufacturing, educational services, and construction. On the other hand, a decrease was observed in agriculture.

The employment increase in November was largely among private sector employees, as both public sector employment and the number of self-employed were little changed.

Canada Unemployment Rate Falls to 5.9%, Lowest Since 2008

Statistics Canada | Joana Taborda |
12/1/2017 3:32:47 PM