Canada Unemployment Rate Continued to Inch Up in November

By Robb M. Stewart

OTTAWA–Unemployment in Canada again moved higher in November, ratcheting up as the country’s population growth continued to outpace a modest rise in employment.
Statistics Canada reported Friday that Canada’s economy added a net 24,900 jobs for the month. Market expectations were for the addition of 14,000 jobs, according to economists at TD Securities.

The unemployment rate rose to 5.8%, in line with expectations and following an advance to 5.7% the month before.
When calculated using U.S. Labor Department methodology, Canada’s unemployment rate in November was down 0.1 percentage point at 4.7%.
Write to Robb M. Stewart robb.stewart@wsj.com