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    08.01.2016 13:48 Canada’s unemployment rate remains unchanged at 7.1% in December

    Statistics Canada released the labour market data on Friday. Canada's unemployment rate remained unchanged at 7.1% in December, in line with expectations.

     

    The labour participation rate rose to 65.9% in December from 65.8% in November.

     

    The Bank of Canada monitors closely the labour participation rate.

     

    The number of employed people climbed by 22,800 jobs in December, exceeding expectations for a rise of 10,000 jobs, after a 35,700 decrease in November.

     

    The increase was driven by a rise in part-time work. Full-time employment was down by 6,400 in December, while part-time employment increased by 38,400 jobs.


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