Daily Update (Source: RBC Financial Group
Canadian employment rose 21,600 in November
Dec 6, 2013
- Canadian employment rose 21,600 in November 2013, slightly faster than market expectations of an 12,000 gain.
- November unemployment rate remained unchanged at 6.9%.
- The overall increase in employment was led by service-producing jobs rising 15,700 with goods-producing firms adding 5,900.
- November marked the third consecutive month of relatively stable gains in employment with the three-month average increase at 15,600. This is just shy of the trend rate for the past decade of 17,800 and followed a period when monthly changes have gone from one extreme (up 95,000 gain in May) to the other (-54,500 in March).
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