Unemployment rate stood at 5.1% in November in Canada

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The unemployment rate stood at 5.1% in November in Canada

The increase in jobs in the manufacturing sector was mainly concentrated in Quebec and Ontario in November.

The unemployment rate fell 0.1 percentage points to 5.1% in November in Canada. Employment was little changed in November (+10,000) after rising 108,000 in October.

According to Statistics Canada data, employment among core-aged people aged 25 to 54 rose by 38,000 (+0.3%) in November, the third increase monthly in a row. Most of the increase in November was attributable to women in this group (+25,000; +0.4%).

The rate of Employment of people in this age group – the proportion of the population that is employed – rose 0.8 percentage points to 84.7% in November.

Employment rose by 21,000 in November in finance, insurance, real estate, and rental and leasing.

The x27;Employment also rose in manufacturing (+19,000; +1.1%) in November, after increasing by 24,000 (+1.4%) in October. The monthly increase was concentrated in Quebec (+10,000; +2.1%) and Alberta (+5,900; +4.7%)

In Quebec, Employment rose by 28,000 (+0.6%) in November, the third increase in four months. The unemployment rate settled at a new historic low of 3.8%, similar to the previous record of 3.9% recorded in April 2022.

Elsewhere in the country , the unemployment rate in November was 5.8% in Alberta (+0.6 percentage points), 5.5% in Ontario (down 0.4 percentage points), 4.4% in British Columbia (stable), 10.7% in Newfoundland and Labrador (stable) and 4.4% in Manitoba (stable).

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