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Canada employment falls more than expected in November

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 4, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Córdoba) - Canada lost a net 35,700 jobs in November and the unemployment rate climbed to 7.1% from 7%, Statistics Canada said Friday.

    The outcome was much worse than the 10,000 fall expected and comes after a 44,400 gain in October. The unemployment rate was expected to remain unchanged at 7.0%.

    Compared with 12 months earlier, employment increased by 124,000 or 0.7%, with all the growth in full-time work. Over the same period, the number of hours worked grew by 1.1%.
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