Canada: Employment increased for second consecutive month, up 80,000 in November

"Employment increased for the second consecutive month, up 80,000 in November. The unemployment rate fell by 0.4 percentage points to 5.9%, the lowest rate since February 2008," the Statistics Canada reported on Friday.

Key highlights

In the 12 months to November, employment was up by 390,000 (+2.1%), with all the gains attributable to full-time work (+441,000 or +3.0%) as part-time employment was down slightly.

Over the same period, total hours worked grew by 1.0%.

The unemployment rate trended downwards in the 12 months to November, falling 0.9 percentage points over this period.

The employment increase in November was largely among private sector employees, as both public sector employment and the number of self-employed were little changed.