Dec 2 (Reuters) – Canada’s economy gained a net 10,100 jobs in November, entirely in full-time work and ahead of analyst forecasts, Statistics Canada data showed on Friday. The jobless rate edged all the way down to 5.1%, beating forecasts it could rise to five.3%.
Employment in the products producing sector fell by a net 9,400 jobs, largely in construction. The services sector was up by a net 19,600 positions, mostly in finance, insurance, real estate, rental and leasing, in addition to information, culture and recreation.
Jobs gain/loss +10,100 +108,300
full-time +50,700 +119,300
part-time -40,600 -11,000
Unemployment rate 5.1% 5.2%
Participation 64.8% 64.9%
Labor force 20.716 mln 20.730 mln
Nov 2022 Nov 2021 % change
Avg hourly wage C$32.85 C$31.18 +5.4
NOTE: Analysts surveyed by Reuters had expected a rise of 5,000 jobs in November, and for the unemployment rate to rise to five.3%. Hourly wage figures are for everlasting employees.
(Reporting by Dale Smith; Editing by Steve Scherer) ((steve.scherer@tr.com))
Keywords: CANADA ECONOMY/EMPLOYMENT
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