Fri. Mar 1st, 2024

Le unemployment rate remained at 5.8% in December

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The job market is stable in the country.

The Canadian Press

Employment remained virtually unchanged in December in Canada and the unemployment rate remained stable at 5.8%.

Statistics Canada also observed that in Quebec, the rate fell by 0.5 percentage points compared to to November to settle at 4.7%.

Employment was also little changed in November in Canada, increasing by 25,000 or 0.1%, identical to October's increase.

The federal agency observed that in December the number of people in employment increased particularly in Canada in the professional, scientific and technical services sector, but that declines were noted in five sectors, particularly in wholesale and retail trade and manufacturing.

In December, 1.2 million people were unemployed in Canada, up 202 000 or 19.3% compared to 12 months earlier. The unemployment rate generally trended upward across all major demographic groups, with the largest increase among young people aged 15 to 24.

Employment in Quebec changed little last month for a second consecutive month. As the number of people looking for work fell, the unemployment rate fell 0.5 percentage points to 4.7%, partly offsetting the 0.8 percentage point increase. percentage point recorded in October and November.

LoadingGlobal food prices fell by 13.7% in 2023, according to FAO

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Statistics Canada recalls that in December, among all employees in Quebec, approximately 162,000 lost work hours due to strikes in the public sector.

Compared to a year earlier, x27;employment in Quebec was up 1.5%, or 65,000 in December.

In the Maritimes, Nova Scotia was the only one of the three provinces to post an increase in employment last month, by 6,300, or 1.3%. The unemployment rate in this province fell by 0.8 percentage points in one month, to 6%.

In New Brunswick, the unemployment rate Unemployment increased during the same period, from 6.4% to 6.6%, while it remained stable at 8.1% in Prince Edward Island.

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