Jobless rate down in December
Posted Jan 4, 2013 08:57:20 AM.
This article is more than 5 years old.
Statistics Canada says the Canadian economy created more jobs than economists expected in December.
The agency says 40,000 new jobs were created last month. Economists had expected an increase of just 5,000.
The unemployment rate slipped by one-tenth of a percentage points to 7.1 per cent. That compared with expectations of an increase to 7.3 per cent.
The better than expected results follows a strong November when the economy created 59,300 jobs.
December’s gains were entirely from new full-time work.
Statistics Canada says 41,200 new full-time jobs were added. Part-time employment saw a decline of 1,400 jobs.
The December jobless rate for Waterloo Region actually rose to 6.7 per cent from 6.3 in November.
