Canada Added 21600 Jobs in November 2013

The Canadian economy created about 21,600 new jobs last month, the most since August, although almost all the additions were part-time and the unemployment rate remained unchanged at 6.9 per cent.

The headline increase in employment was almost twice the 12,000 that economists had expected, but the details were unlikely to persuade markets that Canada’s economy shifted to a higher gear in November.

Statistics Canada noted that even with the bigger than expected gain last month, job creation in Canada has settled at an average 13,400 per month so far into 2013, compared to an average of 25,400 for the same 11-month period in 2012.

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Sabbir Chawala

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