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Canada’s unemployment rate hit record low in November

Canada’s unemployment rate reached a record low in November, according to Statistics Canada’s monthly Labour Force Survey released on December 07, 2018. Employment rose by 94,000 in November, driven by gains in full-time work. The unemployment rate decreased 0.2 percentage points to 5.6%, the lowest since comparable data became available in 1976. Nearly 19 million people were employed in Canada in November, an increase of 0.5 per cent over the previous month. Six provinces saw employment increase in November, with Quebec and Alberta posting the highest gains. Ontario also saw employment rise with 20,000 more people employed in November. British Columbia also saw employment increase in November, with 16,000 more people employed than the previous month. At 4.4 per cent, the province’s unemployment remained among the lowest in Canada, despite a slight increase in November. The Prairie provinces of Saskatchewan and Manitoba also posted employment gains in November of 5,500 and 2,600, respectively.

In terms of industries, Statistics Canada said the most significant employment gains in November occurred in professional, scientific and technical services, which saw an increase of 26,000, with most of the growth in Ontario and Quebec. Employment in health care and social assistance was also up in November, with a gain of 19,000. Non-medicinal cannabis became legal in Canada on October 17, 2018. The number of people employed in cannabis-related jobs in November was 10,400, an increase of 7,500 (+266%) from 12 months earlier.

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