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Canada loses ‘surprise’ 71,200 jobs in November, unemployment rate jumps to 5.9%
news.yahoo.com/canada-loses-s…

Meanwhile...

JOBS REPORT: U.S. payrolls jump by 266,000, smashing expectations

#ImpeachThis

yahoo.com/amphtml/news/j…

The U.S. economy added far more jobs than expected in November and the joblessness rate edged down to a 50-year low, as the domestic labor market continued to fire on all cylinders.

Here were the main results from today’s report, compared to consensus data compiled by Bloomberg:

Change in non-farm payrolls: +266,000 vs. +180,000 expected and +156,000 in October

Unemployment rate: 3.5% vs. 3.6% expected and 3.6% in October

Average hourly earnings month over month: +0.2% vs. +0.3% expected and +0.4% in October

Average hourly earnings year over year: +3.1% vs. +3.0% expected and +3.2% in October

The latest jobs report also included upward revisions to both September’s and October’s headline payroll figures. September’s change in total non-farm payrolls was revised up by 13,000 to 193,000, while October’s level was revised up by 28,000 to 156,000.

These updates raised the three-month average of job gains to 205,000.

At just 3.5%, the November unemployment rate matched September’s level for the lowest since 1969.

The total labor force participation was nearly unchanged at 63.2%, just a hair below October’s 63.3%, which had reflected the largest share of the working population employed or looking for work since 2013.

The private sector on the whole added 254,000 positions during the month, well above the 178,000 expected and 163,000 added in October.

This result contrasted sharply with the weaker than expected results of ADP/Moody’s report on private sector employment published earlier this week, though many economists had pointed out that the survey serves as an imperfect indicator of the Department of Labor’s jobs report.

Education and health services industries added 74,000 jobs during the month, more than double these industries’ additions from the month prior. Business services and leisure also saw strong gains, adding 38,000 and 45,000 positions, respectively, during the month.