1/8/2016, 3:06 PM (Source: TeleTrader)
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Canada's employment inches 0.1% up in December

Canada's unemployment rate in December was unchanged from the previous month, at 7.1%, while employment increased 0.1% or 23,000 new jobs. Growth in the number of jobs was 0.4% in the first quarter of last year, but the rate slowed to 0.2% in each of the next three quarters, according to a report released by Statistics Canada on Friday. The Canadian dollar jumped against the euro and the yen.

In December, employment increased in the category of people aged 55 and above, with few changes for the other age groups. At the provincial level, employment jumped in Ontario, while in Saskatchewan, Nova Scotia, Newfoundland, Labrador and Prince Edward Island it declined. There were the most job additions in the segments of healthcare and social assistance, educational services, finance, insurance, real estate and leasing. On the other side, in accommodation, food services and agriculture the employment rate decreased.

The Canadian dollar climbed 0.8% compared to the euro. The loonie, as the national currency is also called, appreciated 0.57% versus the yen (both 3:05 p.m. CET).

Baha Breaking News (BBN) / IT