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Canada's unemployment rate stayed unchanged in December at 7.1%

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Mumbai) - Employment in Canada increased 23,000 (+0.1%) in December and the unemployment rate came in at 7.1%, unchanged from the previous month.

    The pace of growth was noted to have slowed to 0.2% for each of the subsequent three quarters following employment growth of 0.4% in the first quarter of 2015.
    In the 12 months to December, employment gains totalled 158,000 or 0.9%, slightly above the growth rate of 0.7% in both 2013 and 2014.

    Employment rose only in Ontario, while it declined in Saskatchewan, Nova Scotia, Newfoundland and Labrador as well as Prince Edward Island.

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