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Canada's Unemployment Drops to 6.5% with 54,000 New Jobs

12/9/2025

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Story summary
  • Statistics Canada reported Canada's unemployment rate fell to 6.5% in November.
  • Statistics Canada noted the economy added 54,000 jobs, primarily in the private sector, with gains among youth aged 15 to 24.
  • Statistics Canada attributes the unemployment decline to a slowdown in population growth and a decrease in labor force participation.
  • Wholesale and retail trade posted job losses.
  • Average hourly wages rose 3.6% to $37.00.