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Unemployment rate goes down by 0.2 percentage in Canada




Published by: Nitish Kapoor
Published on: Sat, 08 Dec 2012 at 08:41 IST
Unemployment rate goes down by 0.2 percentage in Canada
Ottawa: Canada added 59,300 new jobs in November and this had made the unemployment rate drop by 0.2 percentage points and was recorded at 7.2 percent, showed government statistics.

Statistics Canada said on Friday that the jobless rate in November was at a five-month low.

Before that, the unemployment rate stood at 7.4 percent. The number of new jobs added last month also exceeded most economists' forecast of a modest gain of 10,000 jobs, as per the reports.
Full-time jobs made up 55,200, most of which came from the private sector, said government sources.

Employment increase occurred in accommodation and food services, retail and wholesale trade, professional, scientific and technical services, as well as in agriculture, while jobs in manufacturing and construction were on a decline.

The Canadian economy expanded only 0.1 percent in the third quarter of the year.

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