“Canada’s economy added 104,000 jobs in December, blowing well past expectations”
“It was an absolutely massive surprise, says Desjardins economist”
https://www.cbc.ca/news/business/can...mber-1.6705569
The Canadian labour market ended the year on a strong note as the economy added a whopping 104,000 jobs in December, showing no signs of the slowdown many economists have been anticipating.
Statistics Canada reported Friday that the unemployment rate fell slightly to 5.0 per cent last month. This marks the third decline in the unemployment rate in fourth months, edging it closer to the record low of 4.9 per cent reached in June and July.
In its latest labour force survey, the federal agency says the rise in employment was driven by an increase in full-time work.
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"It was an absolutely massive surprise," Royce Mendes,#managing director and head of macro strategy at Desjardins, told CBC News. The number was over 20 times more than the 5,000 jobs that economists had forecast, he said.