8 Jan 2016
Canada's unemployment rate stayed unchanged in December at 7.1%, matching estimates
FXStreet (Mumbai) - Employment in Canada increased 23,000 (+0.1%) in December and the unemployment rate came in at 7.1%, unchanged from the previous month.
The pace of growth was noted to have slowed to 0.2% for each of the subsequent three quarters following employment growth of 0.4% in the first quarter of 2015.
In the 12 months to December, employment gains totalled 158,000 or 0.9%, slightly above the growth rate of 0.7% in both 2013 and 2014.
Employment rose only in Ontario, while it declined in Saskatchewan, Nova Scotia, Newfoundland and Labrador as well as Prince Edward Island.
The pace of growth was noted to have slowed to 0.2% for each of the subsequent three quarters following employment growth of 0.4% in the first quarter of 2015.
In the 12 months to December, employment gains totalled 158,000 or 0.9%, slightly above the growth rate of 0.7% in both 2013 and 2014.
Employment rose only in Ontario, while it declined in Saskatchewan, Nova Scotia, Newfoundland and Labrador as well as Prince Edward Island.