Canada Nov. Employment Rises More-Than-Expected 59,300
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Canadian employment rose almost six times faster than economists forecast in November, countering recent signs of slowing economic growth.
The increase of 59,300 lowered the unemployment rate to 7.2 percent from 7.4 percent, the first decline in five months, Statistics Canada said today in Ottawa. Economists surveyed by Bloomberg News projected a 10,000 gain in jobs and 7.4 percent unemployment, according to median forecasts.