Labour Markets Show Continued Strength

January 7, 2013

The following is excerpted from a 4 January 2013 release by The Conference Board of Canada.

Labour markets continued to strengthen in December as the economy added 40,000 jobs. And for the second consecutive month, all the gains were in full-time positions in the private sector. The unemployment rate dropped to 7.1 per cent—the lowest since December 2008.

Compared with a year earlier, employment was up by 312,000 (with all of those gains coming in full-time positions). In 2012, the job gains were shared evenly among all age groups with the exception of youth, where employment showed little improvement. The unemployment rate among those aged 15 to 24 has hovered around 14 per cent for the past year; in December, it stood at 14.1 per cent.

This release is available in its entirety at:
http://www.conferenceboard.ca/reports/cmaag/2013/cmaag012013.aspx

Topic(s)

International Trade and Border Management

Information source

Canadian News Channel

Disclaimer

The foregoing information is provided for informational purposes only and is not intended as, nor should it be considered, professional advice or a substitute for conducting your own thorough research and review. Before making any decisions or taking any action based on the information provided, you should conduct your own independent investigation and/or seek professional advice from a qualified expert in the relevant field. The CSCB disclaims all liability for actions taken or not taken based on the information provided.

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