Briefing

Employment in Canada falls by 71,000, the worst single-month drop in a decade

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The unemployment rate rose to 5.9 per cent, up 0.4 percentage points. Private-sector employment fell by 50,000 people, although it’s still 1.2 per cent higher than in 2018. (The Logic)

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Talking point: The decline was the largest since 2009; analysts had forecast a 10,000-job increase. Losses were heaviest in Quebec, at 45,000 people, and the province’s unemployment rate also increased as more workers looked for jobs. Quebec also accounted for most of the drop in the manufacturing and natural resources sectors, which together shed more than 34,000 people across the country. That suggests the weakness is less widespread than the headline number indicates, although services employment also dropped and November is the second consecutive month that unemployment has risen.