B.C. has the best unemployment rate in Canada- again

By Doug Collins/The Canadian Press
December 7, 2018 - 7:28am

OTTAWA — The B.C. unemployment rate continues to be the best in the country. 

While the rate in November climbed three-tenths of a point to sit at 4.4 percent, it's still a full percentage point ahead of second-place Quebec, which is at 5.4 percent. 

 The economy as a whole in Canada created a whopping 94-thousand, 100 new jobs last month, knocking the unemployment rate down to 5.6 per cent

That's the lowest jobless level recorded by Statistics Canada in more than 40-years.

The November employment surge was fuelled by the addition of 89-thousand, 900 full-time positions.

 But the year-over-year average hourly wage growth for permanent employees continued its decline in November to 1.46 per cent -- sitting well below inflation.  (8)

South of the 49th parallel, one economist is describing the U-S jobs report that came out this morning as a vanilla report, but says that's a good thing after a tumultuous week on stock markets.

The U-S Labor Department says employers added 155-thousand jobs last month.

 That's slightly below economists' expectations but enough to suggest the American economy is expanding at a solid pace despite sharp gyrations in the stock market.   (8)

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