Canada employment grew 54.7k in December, much better than expectation of 24.5k. Full-time employment rose 123k while part-time employment dropped -68k. Total hours worked dropped -0.3%, first decline since June. Unemployment rate dropped from 6.0% to 5.9%, better than expectation of 6.0%. Labor force participation rate held steady at 65.3%. Full release here.
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