Statistics
Canada announced on Friday that the number of employed people rose by 14,500
m-o-m in November (or +0.1 per cent m-o-m)
after an unrevised climb of 46,700
m-o-m in the previous month. This marked the weakest increase in Canada’s employment since a drop in July (-2,800).
Economists had predicted
a gain of 25,000 m-o-m.
Meanwhile,
Canada's unemployment rate remained
unchanged at 6.5 per cent in October, being
below economists’ projection of 6.6 per cent.
According to
the report, full-time employment increased by 25.6,000 (or +0.2 per cent m-o-m) in October, while part-time jobs declined
by 11,200 (or -0.3 per cent m-o-m).
Over the month,
the number of public sector employees decreased
by 17,200 (or -0.4 per cent m-o-m), while the number of private sector
employees jumped by 20,500 (or +0.2 per
cent m-o-m). At the same time, the number of self-employed surged by 11,300 (or
+0.4 per cent m-o-m).
Sector-wise,
employment advanced in the goods-producing industry (+13,500, or +0.3 per cent
m-o-m) but was little changed in the services-producing
business (+900, or flat m-o-m).
The average hourly wages grew by 4.9
per cent y-o-y (or +CAD1.72) to CAD36.73 in October, accelerating from a 4.5 per cent y-o-y gain in September.