Asian Tribune Your Multilingual Newspaper covering World and local news News
Listen to this article
Estimated 1 minute
The audio version of this article is generated by text-to-speech, a technology based on artificial intelligence.
Canada’s unemployment rate dropped to 6.5 per cent and the economy gained 54,000 jobs in November, Statistics Canada said on Friday.
The jobless rate ticked down several points from October’s 6.9 per cent after trending upwards for most of the year, even hitting 7.1 per cent in September.
Most of the jobs added to the economy in November were part time and largely driven by employment gains among young people between the ages of 15 to 24.
The growth was driven by several sectors, including health care and social assistance, accommodation and food services, and natural resources. But jobs were lost in wholesale and retail trade.
On a yearly basis, average hourly wages grew 3.6 per cent, or $1.27, to $37.00 an hour.
More to come