Canada gains more jobs than forecast in December, jobless rate takes surprise dip
- Canada's economy added nearly 90,900 jobs in December, which was nearly quadruple the forecast of 25,000 jobs, according to Statistics Canada data.
- The unemployment rate in Canada surprisingly fell to 6.7% in December, down from 6.8% in November, as reported by Reuters.
- The average hourly wage growth for permanent employees slowed to 3.7% in December, the slowest since April 2022, according to Statistics Canada.
- Canada's employment rate increased for the first time since January 2023, indicating a firming job market, as noted by the Statistics Agency.
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Total News Sources0
Leaning Left14Leaning Right4Center8Last UpdatedBias Distribution54% Left
Bias Distribution
- 54% of the sources lean Left
L 54%
C 31%
15%
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