MNI: 5 Things We Learned From Canadian Labor Force Survey Data>

     OTTAWA (MNI) - The following are the key points from the November 

data on the Canadian Labor Force Survey released Friday by Statistics 

Canada: 

     - The economy added 79,500 jobs in November, the largest gain since 

April 2012, topping analysts' expectations of a 10,000 increase. Details 

were overall strong and surprised on the upside. 

     - The unemployment rate declined 0.4 percentage points on the month 

to 5.9%, its lowest level since February 2008, and below 6.2% expected 

by analysts. This was the largest monthly drop in the unemployment rate 

since November 2005. The participation rate was unchanged at 65.7%. 

     - Both full-time (+29,600) and part-time (+49,900) employment 

increased. 

     - Average hourly wage growth for permanent workers rose 2.7% 

year-over-year, the largest gain since April 2016. 

     - Goods-producing industries added 37,400 jobs, led by a 30,400 

gain in manufacturing, the largest increase for this sector since March 

2002. Employment in services rose 42,100. Overall employment gains were 

led by the private sector, which added 72,400 jobs, the largest gain 

since October 2014. 

--MNI Ottawa Bureau; email: yali.ndiaye@marketnews.com 

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