Canadian November employment change +53.6K vs -5.0K expected

December 5, 2025
-FXnews

Prior was +66.6K
Unemployment rate 6.5% vs 7.0% expected
Participation rate 65.1% vs 65.3% prior
Full time -9.4% vs -18.5K prior
Part time +63.0K vs 85.1K prior
Average hourly wages for permanent employees 4.00% vs 4.00% prior

There were a pair of weak reports in July/August followed by a pair of strong ones in Sept/Oct, leaving everyone guessing what the real trajectory of hiring in Canada is. This report provides an emphatic answer. It’s another big jobs gain and a tumble in the unemployment rate

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