Statistics Canada says the economy added 154,000 jobs in November, little change in BC

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OTTAWA – Statistics Canada says the economy added 154,000 jobs in November as the labor market showed more signs of returning to pre-pandemic levels.

The unemployment rate fell to 6.0% last month, compared with 6.7% in October.

This brought the main rate to 0.3 percentage points from the 5.7 percent recorded in February 2020 just before the pandemic.

Statistics Canada says the unemployment rate would have been 7.8 per cent in November if it had included Canadians who wanted to work but were not looking for work, below 8.7 per cent in October.

Statistics Canada also says the number of long-term unemployed fell by 62,000, the first monthly drop since August.

The agency says the decline in long-term unemployment was especially pronounced for Canadians who had been out of work for a year or more.

Statistics Canada also says the total number of hours worked returned to pre-pandemic levels for the first time in November, after a stretch in which some workers had seen their hours cut.

Six provinces (Ontario, Quebec, Alberta, Newfoundland and Labrador, Nova Scotia and Prince Edward Island) saw gains, with few changes for the remaining four. The agency notes that the monthly employment survey was conducted just before the severe floods affected British Columbia.

With declining unemployment and rising job vacancies, the statistics office says signs point to a shortage of new or worsening labor or skills mismatches.

Leah Nord, senior director of labor strategies at the Canadian Chamber of Commerce, says the country is no better today than before the pandemic because there is still no meaningful way to connect unemployed workers with jobs. available.

“Now, clear from the impacts of support programs, the structural problem of our labor market is exposed: a mismatch between the skills that employers seek and those offered by job seekers,” he said, noting that labor market pains worsen in the early hours. next year.

This report from The Canadian Press was first published on December 3, 2021.

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