Recent News Articles
Canada’s jobless rate still 7.4 percent
Canada’s monthly unemployment rate remained unchanged at 7.4 percent in October, Statistics Canada reported Friday.
Employment was up 1.3 percent on an annual basis, representing a gain of 229,000 full-time jobs, the report said.
The overall unemployment rate can be affected by people finding jobs, those entering or leaving the workforce and job creation.
Employment grew on a monthly basis in Quebec and Newfoundland & Labrador while it fell in British Columbia and Manitoba. Other provinces had little change, the report said.
“The number of public-sector employees increased by 37,000, offset by a decline in private sector employment, which includes both private sector employees and the self-employed,” StatsCan said.
Demographically, the unemployment rate for youths under 25 was 14.7 percent, the report said.
Copyright 2012 by United Press International