- Analytics
- News and Tools
- Market News
- Canada adds 35,200 new jobs in December; unemployment rate falls to 5.6 percent
Canada adds 35,200 new jobs in December; unemployment rate falls to 5.6 percent
Statistics Canada reported on Friday that the number of employed people increased by 35,200 m-o-m in December, while economists had forecast a gain of 25,000 and after an unrevised drop of 71.200 in the previous month.
Meanwhile, Canada's unemployment remained fell to 5.6 percent in December from 5.9 percent in November, below economists' forecast for 5.8 percent.
According to the report, full-time employment increased by 38,400 (or +0.2 percent m-o-m) in December, while part-time jobs declined by 3,200 (or -0.1 percent m-o-m).
In December, the number of public sector employees decreased by 21,500 (-0.6 percent m-o-m), while the number of private sector employees rose by 56,900 (+0.5 percent m-o-m). At the same time, the number of self-employed dropped by 200 (flat m-o-m) last month.
Sector-wise, employment increased in both in goods-producing (+0.4 percent m-o-m) and in service-producing businesses (+0.1 percent m-o-m).
In the 12 months to December, employment in Canada grew by 320,000 or 1.7 percent, a faster pace than that observed in 2018 (+1.1 percent).
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
