Canada added 54,000 jobs in December

By anna smith

Good news for the new year: Canada has built up over 50,000 jobs in December, which brings the total for 2016 to 214,000. According to Statistics Canada, the economy actually added 81,000 full-time jobs during the month. This number was offset by a loss of 27,000 part-time positions.

Economists were expecting a slight loss of jobs during December, so the results were a positive surprise.

More people were looking for work, so the unemployment rate ticked to 6.9 percent. Derek Holt at Scotiabank said: “Faster entry into the job market in search of employment while still getting a robust employment gain is a win-win for the economy. Recall that a criticism of last year's job gains had been that they were all part-time in nature.  Not any longer!"

Furthermore, the year 2016 was the best for job creation in Canada since 2012, the data agency said. "The provincial gains were nicely spread out, with eight of the 10 posting jobs increases in December," economist Doug Porter at the Bank of Montreal. "Quebec and B.C. were notably strong, but Ontario and, yes, even Alberta chipped in with decent gains as well." 


Follow @BizReviewCANADA

Read the January 2017 issue of Business Review USA & Canada magazine




Featured Articles

Amelia DeLuca, CSO at Delta Air Lines on Female Leadership

Driving decarbonisation at Delta Air Lines, Chief Sustainability Officer Amelia DeLuca discusses the rise of the CSO and value of more women in leadership

Liz Elting – Driving Equality & Building Billion-$ Business

Founder and CEO Liz Elting Turned Her Passion into Purpose and Created a Billion-Dollar Business While Fighting for Workplace Equality – and Winning

JPMorgan Chase: Committed to supporting the next generation

JPMorgan has unveiled a host of new and expanded philanthropic activities totalling US$3.5 million to support the development of apprenticeship programmes

How efficient digital ecosystems became business critical

Technology & AI

Mastercard: Supporting clients at a time of rapid evolution

Digital Strategy

Why Ceridian has boldly rebranded to Dayforce

Human Capital