Economics
Canada Jobless Rate Falls to Four-Year Low
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Canada’s unemployment rate unexpectedly fell to a four-year low in December as hiring rose for a fifth month, led by full-time jobs at private companies.
The country’s jobless rate fell to 7.1 percent from 7.2 percent and employment rose by 39,800, Statistics Canada said today in Ottawa. None of the 23 economists surveyed by Bloomberg News predicted a drop in the unemployment rate and the gain in jobs was almost double the highest forecast.