Job Growth in Canada exceeded analysts’ predictions
On December 3, 2021, Statistics Canada revealed a new Labour Force Survey that indicated the labour market conditions during the week of November 7 to 13. In November, hiring was predominantly driven by the private sector both for full-time and part-time positions. However, Canada’s hospitality, retail, and health care sectors still experienced severe labour shortages. With additional 154,000 jobs in the economy, job growth in Canada exceeded analysts’ predictions of 38,000. In addition, in the second week of November, unemployment dropped to 6%.
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