Nov. unemployment at 7.2%
Posted Dec 7, 2012 08:37:08 AM.
This article is more than 5 years old.
November’s unemployment rate has dipped to 7.2 per cent, from 7.4 in October.
Almost 60,000 new jobs were created.
Economists had expected a smaller increase of about 10,000 jobs last month, following a minimal 1,800 gain in October.
The November jobs report gives hope that Canada’s economy will pick up in the last months of 2012 after a disappointing summer.
Canada’s economic growth stalled at 0.6 per cent in the third quarter.
Statistics Canada says five provinces showed higher employment in November and there was little change in the other five provinces.
The jobless rate in Waterloo Region edged up slightly from 6 to 6.3 per cent.
It also rose from 5.8 to 6.4 per cent in Guelph.
