Job Numbers for December – Canada and US

Job Numbers for December – Canada and US:

The job numbers for both Canada and the US were released this morning for December.  Here are the highlights:

CANADA:

·         Employment rose by 40,000 in December, the fourth increase in 5 months; this is 35,000 more than what economists expected

·         The unemployment rate declined by .1% to 7.1%, the lowest rate in 4 years

·         Employment in Ontario rose by 33,000 in December

·         Transportation, warehouse and construction led the way in new hiring

·         On the negative side, youths 15-24 continue to have high unemployment rates increasing .1% to 14.1%

·         Alberta leads the way for the province with the lowest unemployment rate at 4.5%

·         Newfoundland and Labrador continues to have the worst provincial unemployment rate at 11.5%

·         For the full release see http://www.statcan.gc.ca/daily-quotidien/130104/dq130104a-eng.htm

US:

·         155,000 jobs were added in December

·         The unemployment rate was 7.8%, the same level as the month before

*************
Marc Belaiche, C.A.
Marc.Belaiche@TorontoJobs.ca

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