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Canada Jobless Benefits Climb 15% YOY In December

CANADA DATA
(MNI) OTTAWA
  • Number of federal jobless benefits recipients +60k or +15% YOY in December. Figure climbed 1.4% MOM to 464k.
  • Trend is consistent with job-market slowdown seen in headline Labour Force Survey, where unemployment rate tracked up to 5.8% from 5.1% since April.
  • Total number of EI recipients remains far below recent peak of over 650k.
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com

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