The unemployment rate dropped to 4.9% in December in Quebec

Photo: Jacques Boissinot Archives The canadian Press
The creation of jobs in Quebec increased for a third consecutive month with the addition of 27 000 jobs in December.

The unemployment rate dropped to 4.9% in December in Quebec, the lowest rate recorded since 1976, announced Friday by Statistics Canada.

 

The creation of jobs has also increased for a third consecutive month with the addition of 27 000 jobs in December.

 

The employment situation is also very good Canada-wide — the unemployment rate has reached a floor record in December, at a time when the country was ending a year in which he has created jobs at a pace not seen since 2002.

 

In its report, released on Friday, Statistics Canada revealed that the unemployment rate fell to 5.7 % in December, compared to 5.9 % in the previous month, thus reaching its lowest level since 1976, when comparable data became available.

 

The unemployment rate fell last month while the economy generated 78 600 new jobs, 23 700 full-time.

 

The report on the economically active population of the federal agency indicates that employment has increased by 2.3% in 2017, representing its fastest growth in 15 years. In total, 422 of 500 new jobs were created last year, of which 394 200 full-time positions.

 

It is Quebec and Alberta experienced the largest increases in December, each province had registered more than 26,000 new jobs. In Alberta, the unemployment rate fell 0.4 percentage point to 6.9 percent.

 

In a separate report also released Friday, Statistics Canada noted that the merchandise trade deficit in Canada widened to $ 2.5 billion in November, compared to 1.6 billion the previous month, while imports have surpassed exports.

 

Less jobs are being created than expected in the United States

 

On the side of the United States, the creation of jobs fell in December, disappointing the analysts, while the unemployment rate remained stable, the lowest since 17 years, according to the department of Labor.

 

The economy has created 148 000 new jobs, while analysts expected 188 000 net hires.

 

The unemployment rate remained at 4.1 % for the third month in a row. On the year, the first global economy has created 2.1 million jobs, after a gain of $ 2.2 million in 2016.

With Agence France-Presse

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