OTTAWA — Canada's labour market capped the year on an upbeat note, adding 91,000 jobs in December, shattering economist expectations. Statistics Canada’s labour force survey on Friday said the unemployment rate decreased 0.1 percentage points to 6.
OTTAWA — Canada's labour market capped the year on an upbeat note, adding 91,000 jobs in December, shattering economist expectations.
The report, however, also highlighted decelerating wage growth, with average hourly wages rising 3.8 per cent year-over-year in December — the slowest growth since May 2022. November's growth was 4.1 per cent, and 4.9 per cent in October. The education, transportation and finance sectors saw the largest gains in employment in December, while the public sector added 40,000 jobs.The report said the country’s employment rate rose for the first time since January of 2023, though it contextualized it against slowing population growth.
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