Canada unemployment rate rose to 7.4% in November

[marmar]

OTTAWA—Canada’s mostly rosy jobs picture of the last two years appears to be darkening as the economy shed workers for the second consecutive month in November, and the unemployment rate moved up one notch to 7.4 per cent.

The consensus of economists had expected a modest pickup of about 17,000 in employment for the month, in part because October’s outsized dip of 54,000 seemed out of proportion with the economy that was growing, if slowly.

But instead, another 18,600 workers fell out of the labour pool last month — all and more of the part-time variety, and concentrated in the services sector and in Quebec.

Statistics Canada noted that despite the most recent declines, there are 212,000 more Canadians working today than a year ago, a pickup of about 1.2 per cent of the labour force. .............(more)

The complete piece is at: http://www.thestar.com/business/article/1095918--canada-unemployment-rate-rose-to-7-4-in-november?bn=1

[canuckledragger]

1. because now is the time..

..that seasonal outdoor workers bunker down for the winter..people like roofers, landscape labourers, etc. Most work up to the point when it's too cold to do it anymore

[xchrom]

2. recommend

[applegrove]

3. Canada didn't have the productivity gains the US had in the last 20 years. Means we kept more jobs.