Friday, December 2, 2011

Canada: Unemployment rate rises in November

   In contrast to the U.S. the unemployment rate in Canada climbed last month to 7.4 per cent but it is still considerably better than in the U.S. Canada lost a total of 18,600 jobs last month. Last month the unemployment rate was 7.3 per cent.
   The news was not all bad in that there was an increase of 34,600 full time jobs. This was more than offset by a decline of 53,300 part time jobs.
   The unemployment situation varies by province. Newfoundland and Labrador had a rate of 13.2 per cent up from 12.9 the month before. In the three prairie provinces unemployment is lower than the national average at between five and six percent although Saskatchewan lost some jobs last month and unemployment went from a low 4.1 to 5.1. This is still a rate many provinces can envy. For more see this CBC article.

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