Canadian economic system added 154K jobs in November  – Nationwide | Globalnews.ca

Canadian economy added 154K jobs in November  - National | Globalnews.ca

2021-12-03 19:12:09

Statistics Canada says the economic system added 154,000 jobs in November because the labour market confirmed extra indicators it’s returning to pre-pandemic ranges.

The unemployment price fell to six.0 per cent final month in contrast with 6.7 per cent in October.

That introduced the headline price to inside 0.3 share factors of the 5.7 per cent recorded in February 2020 simply earlier than the pandemic struck.

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Statistics Canada says the unemployment price would have been 7.8 per cent in November had it included in calculations Canadians who needed to work however didn’t seek for a job, down from 8.7 per cent in October.

Statistics Canada additionally says that the variety of long-term unemployed fell by 62,000, marking the primary month-to-month drop since August.

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The company says the decline in long-term unemployed was significantly sharp for Canadians who had been out of labor for a 12 months or extra.


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