Unemployment rate drops slightly to 5.1% in November, according to StatCan_eng .
The Canadian PressOTTAWA — Employment was little changed in November as the economy added a modest 10,000 jobs, Statistics Canada says.
Employment rose in several industries, including finance, insurance, real estate, rental and leasing, manufacturing and in information, culture and recreation.Statistics Canada also noted in its report that the employment rate among core-aged women aged 25 to 54 hit 81.6 per cent in November, a record high in comparable data going back to 1976.The unemployment rate fell to a record-low of 4.9 per cent in the summer and has edged up only slightly since then.
However, wage growth continues to lag inflation. In October, the annual inflation rate was 6.9 per cent. The central bank is hoping to see the labour market ease in response to its aggressive interest rate hikes this year.
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