Canada gains more jobs than forecast in December, jobless rate takes surprise dip
- Canada's economy added nearly 90,900 jobs in December, which was nearly quadruple the forecast of 25,000 jobs, according to Statistics Canada data.
- The unemployment rate in Canada surprisingly fell to 6.7% in December, down from 6.8% in November, as reported by Reuters.
- The average hourly wage growth for permanent employees slowed to 3.7% in December, the slowest since April 2022, according to Statistics Canada.
- Canada's employment rate increased for the first time since January 2023, indicating a firming job market, as noted by the Statistics Agency.
72 Articles
72 Articles
Canada Gains More Jobs Than Forecast in December, Jobless Rate Takes Surprise Dip
OTTAWA—Canada’s economy added nearly four times the number of jobs forecasted for December and the unemployment rate surprisingly ticked down to 6.7 percent, data showed on Friday, giving the central bank breathing room to determine the pace of further rate cuts. The economy added a net 90,900 jobs last month, with almost two-thirds coming from full-time work, according to Statistics Canada. The job gains—third time in the past four months—were …
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