"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."
The unemployment rate declined to 6.5 per cent in November while employment increased by 54,000 positions. The monthly jobless rate eased from October's 6.9 per cent after rising earlier in the year and peaking at 7.1 per cent in September. Most of the November job additions were part-time roles and were concentrated among workers aged 15 to 24. Employment gains occurred in health care and social assistance, accommodation and food services, and natural resources. Job losses appeared in wholesale and retail trade. Average hourly wages rose 3.6 per cent year-over-year to $37.00, an increase of $1.27.
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