Economics
Canada’s Job Market Shows Surprising Strength Amid New Lockdowns
- Gains in November were triple the median economist forecast
- The unemployment rate also unexpectedly dropped to 8.5%
This article is for subscribers only.
Canada’s job market remained surprisingly resilient in November despite a new surge in Covid-19 cases.
The country added 62,100 jobs in the month, Statistics Canada said Friday in Ottawa, triple the median forecast in a Bloomberg survey and down only modestly from the 83,600 gain in October. The unemployment rate unexpectedly dropped to 8.5%, from 8.9% previously.