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Unemployment numbers hit a new low in Canada last month.
Employment rose by 94,000 in November, decreasing the unemployment rate from 5.8% to 5.6%, which is the lowest point since comparable data became available in 1976.
Overall, it’s been an impressive year for Canada in this department.
Employment is up by 219,000 (1.2%) over the last 12 months, with total hours worked up more than 2% over the same period.
Another positive is that both last months spike and the yearly gains have been driven by full-time work.
In British Columbia, the number of employed people rose by 16,000 in November, led by gains of 15,000 jobs in the construction industry.
Over the past year, B.C.’s employment numbers have steadily risen by 43,000, an increase of 1.7%.
However, one of the biggest drivers of new jobs over the recent weeks has been thanks to the legalization of non-medicinal cannabis.
Since it was legalized on Oct. 17, there’s been a major increase in jobs within the industry.
There are now over 10,000 people working cannabis-related jobs in Canada, up around 7,500 from 12 months ago.
For all the details on the most recent Labour Force Survey, click this link.
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