79,000 new jobs in December sees Canadian unemployment reach 40-year low

By zaymalz malz

According to Statistics Canada, Canada added nearly 80,000 new jobs throughout December, meaning the unemployment rate has now dropped to the lowest rate on record since comparable data became available in 1976.

Although every province throughout Canada added jobs over the course of the month, the majority of these new jobs came in Quebec and Alberta, with the two both adding roughly 26,000 new positions.

See also:

Down 0.2% as a result, the unemployment rate now sits at 5.7%, having fallen a total 1.2% through the 12 months ending December 2017.

“The additional employment in December builds on growth observed in October and November,” Statistics Canada said. “This boosted gains for the fourth quarter to 193,000 or 1.0%, the most robust rate of quarterly growth since the second quarter of 2010.”

With a total 423,000 new roles added in the previous 12 months, 2017 proved to be Canada’s best year for jobs in 15 years.


Featured Articles

Sustainability, ESG, net zero in focus at must-attend event

Sustainability takes centre stage at two-day hybrid conference featuring thought leaders covering circular economy, scope 3, ESG, B Corp, net zero, DE&I

Must-attend sustainability events for executives in 2022/23

Discuss and debate the most pressing issues around sustainability at these nine executive events – from London to Abu Dhabi, San Diego to Singapore

Meet the CEO on a mission to nurture women leaders in Africa

The argument for women leaders in Africa is compelling, yet numbers are small. But one female leader is on a mission to change that – Awamary Lowe-Khan

BCG's Daniel Weise on supply chain and procurement strategy

Leadership & Strategy

Flexible work perks heat up as the war on talent rages

Human Capital

Meet the COO: Former Israel Defense Force cyber lead Parnes

Technology & AI