Canada’s employment grows 51k in Nov, unemployment rate jumps to 6.8%

Canada’s employment grew 51k in November, above expectation of 25k. Employment gains were concentrated in full-time work (+54k). Employment rate was unchanged at 60.6%. Unemployment rate jumped from 6.5% to 6.8%, as more people are looking for work. Labor force participation rate rose 0.3% to 65.1%. Total hours worked was down slightly by -0.2% mom […]

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