Unemployment rate falls

The national and provincial unemployment rate is down.

Canada added 154,000 jobs in November dropping the unemployment rate by 0.8 percent. Employment increased in both the services-producing and goods-producing sectors.

Employment is now one percent higher than its pre-COVID February 2020 level.

In Newfoundland and Labrador, employment rose by 9,100 (+4.1%). This was the first notable increase since March 2021.