Canada attached 154,000 jobs, forcing the jobless percentage to fall

Key takeaways: 

• The economy now has about 200,000 added jobs than it did ere the pandemic. 
• Canada’s economy attached far more jobs than anticipated last month, as the service sector and goods-producing industries both had a great need for more labour. 

Canada added 154,000 jobs after the pandemic: 

Canada’s economy attached 154,000 fresh jobs last month, rising past expectations and sufficient to drive the jobless rate down to hardly six per cent.

Statistics Canada announced Friday that the jobless rate dropped by 0.7 percentage points, to six per cent. That’s the lowest jobless rate since the pandemic started.

Ere COVID-19, in February 2020, Canada had a jobless rate of 5.7 per cent. It beat out at 13.7 per cent in May of the last year, before slipping firmly lower.

The data agency estimates that almost 19.3 million people in Canada had a job the previous month. That’s 183,000 almost had one pre-pandemic.

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Earnings up, too

There was great news on the salary front, too, as the data agency estimates that salaries during November 2021 were 7.7 per cent greater than they were the alike month two years ago, ere the pandemic. That’s an extra $2.18 an hour, on average, since the same stage two years ago.

Workers on the whole are going up the salary scale. The number of people earning less than $12 an hour has dropped dramatically over the preceding two years, from almost a quarter of a million people to only 165,000 people today. There are also several people making between $12 and $20 an hour, as that figure has dropped from 5.1 million workers to 4.4 million now.

Those wages bands are narrowing because people are moving up the salary scale. The number of people earning between $20 and $30 an hour has increased from 4.9 million to 5.2 million, and the ranks of those in the highest band have grown to almost 6.8 million people. That’s almost a million more than there were two years before.