Canada Jobs: Unemployment falls 6% in a stellar month for Canada Jobs
Unemployment Rate in Canada: Canada added nearly 154,000 jobs in November as unemployment fell to 6% – within 0.3% of pre-COVID levels.
Every single Canadian province saw an increase in employment, with Quebec’s unemployment falling to 4.5%, according to Statistics Canada’s latest labor market survey.
Unemployment Rate in Canada
Demographically, women aged 25 to 54 saw employment levels rise to an all-time high of 80.7% following an increase of 66,000 jobs.
Men in the corresponding age collection also saw a solid addition of 48,000 jobs.
Unemployment fell by 0.7% for six consecutive months, the biggest drop since March.
Figures show that there were 1.24 million unemployed in November, a decline of 8.9 percent but still nearly 100,000 more than pre-pandemic levels in February 2020.
There was a significant reduction in long-term unemployment, with a drop of 23.4% for people without work for a year or more.
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Canada Jobs in Provincial
Strong provincial figures were led by the two largest provinces of Quebec and Ontario.
After adding 45,500 jobs, unemployment in the French-speaking province fell by 1.1 percent to 4.5 percent, well below the pre-pandemic rate.
The figures include the first significant increase in employment for Montreal since June 2021, adding 56,000 jobs for an unemployment rate of 4.8%, 1.6% lower than in October.
In Ontario, employment increased by 68,000 jobs, an increase for the sixth month in a row. The province has joined 421,000 jobs since May. Industries that prospered included health care and social assistance, wholesale and retail trade, construction, and finance, insurance, real estate, rental, and leasing.
Source: Immigration.ca
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