{"id":121464,"date":"2025-12-05T17:48:07","date_gmt":"2025-12-05T13:48:07","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=121464"},"modified":"2025-12-05T17:48:11","modified_gmt":"2025-12-05T13:48:11","slug":"canadas-jobless-rate-falls-to-16-month-low-as-part-time-hiring-surges","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/canadas-jobless-rate-falls-to-16-month-low-as-part-time-hiring-surges\/12\/05\/market-updates\/","title":{"rendered":"Canada\u2019s Jobless Rate Falls to 16-Month Low as Part-Time Hiring Surges"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>Canada\u2019s labour market delivered a major upside surprise in November, with the unemployment rate dropping sharply to <strong>6.5%<\/strong>, its lowest level since July 2024, according to new data from Statistics Canada.<\/p>\n\n\n\n<p>The unexpected improvement was driven by a <strong>53,600 net increase in employment<\/strong>, fueled almost entirely by a <strong>63,000 surge in part-time jobs<\/strong>, particularly in the healthcare and social assistance sectors. Youth employment accounted for the bulk of the gains.<\/p>\n\n\n\n<p>Economists had predicted a <strong>5,000 job loss<\/strong> and an increase in joblessness to <strong>7%<\/strong>, making November\u2019s data a significant divergence from expectations.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Three Straight Months of Job Gains<\/h3>\n\n\n\n<p>November marked the <strong>third consecutive month<\/strong> of job growth, bringing total employment gains since September to <strong>181,000<\/strong>. This momentum helped offset months of stagnation earlier in the year, when hiring was hampered by U.S. tariffs and trade-related uncertainty.<\/p>\n\n\n\n<p>A <strong>decline in the overall labour force<\/strong>, partly due to government-imposed immigration restrictions, also contributed to the lower unemployment rate.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Youth Employment Rebounds<\/h3>\n\n\n\n<p>Youth workers, who have borne the brunt of job losses since President Trump\u2019s tariff actions in March, saw notable improvement:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Youth employment +50,000 in November<\/strong><\/li>\n\n\n\n<li><strong>Youth jobless rate fell 1.3 points to 12.8%<\/strong>, marking a second month of improvement<\/li>\n\n\n\n<li>September\u2019s youth unemployment had hit a <strong>15-year high<\/strong>, making the recent gains particularly significant.<\/li>\n<\/ul>\n\n\n\n<p>Core-aged employment (25\u201354) \u2014 representing two-thirds of the labour force \u2014 was broadly unchanged.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Wages Hold Steady<\/h3>\n\n\n\n<p>Average hourly wages for permanent employees rose <strong>4% year-on-year<\/strong>, unchanged from October. The Bank of Canada closely monitors this indicator for signs of inflation persistence.<\/p>\n\n\n\n<p>November\u2019s report suggests a labour market regaining momentum heading into year-end, though policymakers will be watching closely to see whether part-time hiring transitions into more durable, full-time job creation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canada\u2019s labour market delivered a major upside surprise in November, with the unemployment rate dropping sharply to 6.5%, its lowest level since July 2024, according to new data from Statistics Canada. The unexpected improvement was driven by a 53,600 net increase in employment, fueled almost entirely by a 63,000 surge in part-time jobs, particularly in &hellip;<\/p>\n","protected":false},"author":9,"featured_media":30908,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6827,49,37,36],"tags":[],"class_list":["post-121464","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-economic-reports","category-economic-reports","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121464","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=121464"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121464\/revisions"}],"predecessor-version":[{"id":121465,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121464\/revisions\/121465"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/30908"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=121464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=121464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=121464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}