By Yali N'Diaye
Ottawa (MNI) - The Canadian economy added jobs for the fourth
consecutive month in November, when employment rose 10,700, Statistics
Canada reported Friday.
A 38,100 decline in unemployment helped bring down the unemployment
rate by 0.2 percentage point to 6.8%.
The participation rate declined to 65.6% from 65.8%.
The two headline figures topped analysts' expectations in a MNI
survey, which had centered on a 10,000 decline in employment with the
unemployment rate remaining at 7.0%.
However, details were not as strong as the headline figures
suggested, comforting the Bank of Canada's view that despite the labor
market resilience, there is still more economic slack than suggested by
the unemployment rate.