Canada Unemployment Rate At 7.1% in December


Employment rose by 40,000 in December of 2012, the fourth increase in five months. The unemployment rate declined 0.1 percentage points to 7.1%, the lowest in four years.

Compared with 12 months earlier, employment increased 1.8% or 312,000, all in full-time work. Employment rose among private sector employees in December, up 59,000, while there was little change in public sector employment and self-employment. Employment also increased among core-aged men 25 to 54. Over the year, employment gains were shared among core-aged workers and those 55 and over, while employment among youths was unchanged.

 
Among industries, employment increased in transportation and warehousing as well as construction, while there were fewer workers in professional, scientific and technical services; natural resources; and public administration.

Statistics Canada | Nuno Fontes | nuno@tradingeconomics.com
1/4/2013 1:37:55 PM