Toronto (Canada), December 3 (EFE) .- The Canadian economy created 154,000 jobs in November, which reduced the unemployment rate in the country to 6%, while in October it was 6.7 %, as announced this Friday the public agency Statistics Canada (EC).
Using data from November, Canada’s unemployment rate is about the same level it was just before the start of the pandemic. In February 2020, that rate was 5.7% and with the onset of the pandemic, it reached 13.7% in May of last year.
In November, there were 186,000 more active workers than before February 2020. According to EC, last month Canada had more than 19.3 million people employed.
The number of unemployed now stands at 1,243,800 people. The unemployment rate for young people aged 15 to 24 is 10.5%. That of men over 25 is 5.5% and that of women in this age group is 5.1%.
EC also said wages are currently 7.7% higher than in November 2019 and that for the first time since the start of the pandemic, hours worked are at pre-February 2020 levels.
In addition, the number of long-term unemployed fell by 62,000 in November, the first time the number has declined since August this year.
The latest data on job demand in Canada dates back to September, when Canadian businesses had to fill more than one million job vacancies, 450,000 more than in the third quarter of 2019, Statistics Canada added.
(c) EFE Agency
Disclaimer: This article is generated from the feed and not edited by our team.