CANADA ADDED 154,000 JOBS LAST MONTH, PUSHING JOBLESS RATE DOWN TO PANDEMIC LOW OF 6%

By Chandrayee Roy Choudhury, Canada: 

Canadian economy added 154000 new jobs in November, that is more than four times the analysts predicted.

The end of income support program, Canada's economy reopening, flexible working arrangements implemented by the companies, these factors were behind the massive jump of the the innumerable job openings.

The jobless rate went down to nearly 6 percent. That's the lowest jobless rate since the pandemic began..

There was good news on the wage front too, the data shows that they were 7.7 percent higher than they were the same month two years before.

Workers on the whole are moving up the wage scale.

Companies are coming up with whatever they can like flexible hours, more vacation time, bonuses- to get the right worker for their needs.

There are all sorts of interesting and creative ways that employers are trying to incentivize people choosing them.