The Canadian economy added 54K jobs (+0.3%) in November, the third consecutive monthly increase. Cumulative increases in September, October and November (+181K; +0.9%) followed a slow start to the year, with little net employment change from January to August.
The unemployment rate fell 0.4% to 6.5% after trending upwards for most of the year, reaching 7.1% in September—a high not seen since May 2016, excluding during the COVID-19 pandemic.
Check out the latest edition of the Canada Talent Market Monthly for details.