6-Dec-2010 1:06 PM

Canadian unemployment rate falls to lowest level since Jan-2009

Statistics Canada stated (03-Dec-2010) employment edged up by 15,000 in Nov-2010. At the same time, there was a notable decline in the number of youths participating in the labour market. As a result, the unemployment rate fell 0.3 ppts to 7.6%, the lowest since Jan-2009. Since Nov-2009, employment has risen by 318,000 (+1.9%).