The Canadian job market gained a higher-than-expected 35,200 net jobs in Decembe...
FILE PHOTO: A woman walks past a"Help wanted" sign at a retail store in Ottawa, Ontario, Canada, November 2, 2017. REUTERS/Chris Wattie
Analysts in a Reuters poll had forecast a gain of 25,000 jobs in December and an unemployment rate of 5.8%. Wages for permanent employees rose by 3.8%, Statistics Canada said, lower than the 4.4% gain seen in each of the previous two months. Canada shed an unexpected 71,200 net jobs in November, the biggest decline since 2009, while the national unemployment rate rose to 5.9%.
Meanwhile, Canada’s goods-producing industries gained 15,700 net jobs, mainly in construction. The services sector saw an increase of 19,400 net positions, largely in accommodation and food services.
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