Canada Jobless Rate Tumbles to Decade Low on Hiring Surge
Canada’s jobless rate plunges in November on a surprise jump in hiring that defies a slowdown in the rest of the economy.
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Canada’s jobless rate plunged to the lowest in a decade in November on a surprise jump in hiring that defies a slowdown in the rest of the economy.
Unemployment fell to 5.9% last month from 6.3% in October, Statistics Canada said Friday in Ottawa. The number of jobs increased by 79,500 in November, the largest monthly gain since April 2012. Employment grew across most industries led by manufacturing, retailing and education.