The Wall Street Journal: Canadian job growth surges in November

Canadian job growth surged in November, surpassing market expectations by a wide margin, as gains in full-time hiring helped push the unemployment rate to its lowest level in more than 40 years.

The Canadian economy added a net 94,100 jobs in November on a seasonally adjusted basis, Statistics Canada said Friday. Market expectations were for an increase in employment of 10,000, according to economists at Royal Bank of Canada. In the previous month, Canadian employment rose 11,200.

Canada’s jobless rate dropped to 5.6% in November, down from 5.8% in the previous month and the lowest level since comparable data became available in 1976. Market expectations were for the jobless rate to remain at 5.8%.

An expanded version of this report can be found on WSJ.com.

Popular on WSJ.com

In Latin America, awash in crime, citizens impose their own brutal justice

Stocks stage recovery after Dow drops over 700 points

‘Ride from hell”: carpooling in the age of Uber can be… awkward

Providing critical information for the U.S. trading day. Subscribe to MarketWatch’s free Need to Know newsletter. Sign up here.

Filed in: Top News Tags: 

You might like:

Key Words: Happy graduation! Billionaire pays off Morehouse College grads’ student-loan debt Key Words: Happy graduation! Billionaire pays off Morehouse College grads’ student-loan debt
Give this one free gift to your wife, it should transform your marriage Give this one free gift to your wife, it should transform your marriage
Love & Money: Instagram-savvy millennials humblebrag about their wealth on Bumble and Tinder Love & Money: Instagram-savvy millennials humblebrag about their wealth on Bumble and Tinder
Millennials are going on expensive ‘grief retreats’ to cope with death Millennials are going on expensive ‘grief retreats’ to cope with death
NewsWatch: What’s the main driver for the stock market: trade, earnings or the Fed? NewsWatch: What’s the main driver for the stock market: trade, earnings or the Fed?
An estimated 10.7 million Americans could miss work the Monday after the ‘Game of Thrones’ finale An estimated 10.7 million Americans could miss work the Monday after the ‘Game of Thrones’ finale
The Moneyist: My mom gave my sister $20,000 for her stem-cell treatment, I want her to deduct it from her inheritance The Moneyist: My mom gave my sister $20,000 for her stem-cell treatment, I want her to deduct it from her inheritance
The Wall Street Journal: OPEC considers two scenarios to adjust oil production The Wall Street Journal: OPEC considers two scenarios to adjust oil production

Leave a Reply

Submit Comment
© 2019 Stock Investors News. All rights reserved. XHTML / CSS Valid.