Canada Unemployment Rate Falls to 6.8%

The jobless rate in Canada declined to 6.8 percent in November of 2016 from 7 percent in the previous three months, beating market expectations of 7 percent. It is the lowest unemployment rate in five months as the economy added 10.7 thousand jobs and fewer people looked for work.

Part-time jobs rose by 19.4 thousand while full-time decreased by 8.7 thousand. More people were employed in the finance, insurance, real estate and leasing industry, in information, culture and recreation, in the "other services" industry and in agriculture. On the other hand, declines were observed in construction, in manufacturing, as well as in transportation and warehousing.

There were fewer self-employed workers in November, while the number of employees was little changed in both the public and private sectors.

In November, employment increased for men in the 25 to 54 age group and for men 55 and older, while it declined for women 55 and older. There was little change among the other demographic groups.

Provincially, employment rose in Nova Scotia while it fell in Alberta.

 Canada Unemployment Rate Falls to 6.8%

Statistics Canada | Joana Taborda |
12/2/2016 1:49:08 PM