November Unemployment rate Lowest in Nearly a Decade:

unemployment Rate Low CanadaCanada’s unemployment rate dropped to its lowest point in nearly a decade in November, Statistics Canada’s new Labour Force Survey reports. Canada’s unemployment rate in November was 5.9 percent. The last time it was that low was in February 2008. The numbers show employment increased for the second month in a row in November, with the addition of 80,000 new jobs across Canada. The vast majority of those new jobs were full-time. Looking back over the previous 12 months, Canada gained 390,000 full-time jobs, an increase of 2.1 percent. The demographic groups that benefitted most from the employment increase were men in the 25 to 54 core-aged group, youths aged 15 to 24 and women aged 55 and older.

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Ontario Posts Highest Gains

The Canadian provinces that saw a rise in employment in November were Ontario, British Columbia, Quebec and Prince Edward Island. Canada’s other provinces saw little change in their employment rates. Ontario led the pack with 44,000 new jobs created in November, mostly in the wholesale and retail trades along with manufacturing. As a result, Ontario’s unemployment rate dropped to 5.5 percent, the lowest it’s been since 2000. Statistics Canada reports that Ontario has seen a downward trend in its unemployment rate since the start of 2016, with year-over-year employment gains totalling 181,000, or 2.6 percent, all of it full-time work.

British Columbia placed second in November, gaining 18,000 jobs, most of them full-time. At 4.8 percent, B.C.’s unemployment rate was the lowest in Canada for November.

Quebec added 16,000 jobs in November, growing its employment rate for the second consecutive month. Most of those jobs were created in manufacturing and construction. The unemployment rate in Quebec for November stood at 5.4 percent, lowest recorded since January 1976.

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