Canada Posts Record Jobs Gain Despite Concerns in Oil Sector
The Canadian labor market has grown in the past month, despite economists’ concerns for the oil sector. Employment increased by 94,100 in November; most of these new positions are full-time, and span a wide variety of industries. This is the largest recorded job growth in the country since 1976. Unemployment dropped to 5.6 percent, and labor force participation increased by 77,200. Wage gains were only 1.7 percent this month, the slowest wage increase in more than a year, making wages the only negative number in the report.
See "Canada Posts Record Jobs Gain Despite Concerns in Oil Sector", Theophilos Argitis, Bloomberg, December 7, 2018