Global markets: Canada’s labour force shrinks, US gains

By Commodity News Service Canada

WINNIPEG, December 4 – The following is a glance at the news moving markets globally.

CANADA’S LABOUR FORCE SHRANK IN NOVEMBER
Canada’s employment decreased by 36,000 or 0.2 per cent in November, the result of losses in part-time work. The overall employment decline in November followed a similar-sized increase in October. The unemployment rate increased by 0.1 percentage points to 7.1 per cent in November, Statistics Canada said in a report on Friday.

According to StatsCan, compared with 12 months earlier, employment increased by 124,000 or 0.7 per cent, with all the growth in full-time work. Over the same period, the number of hours worked grew by 1.1 per cent.

GERMANY’S MANUFACTURING INCREASED IN OCTOBER
German manufacturing orders gained by 1.85 per cent in October, after a string of weak data throughout the summer, reports out of the country say.

Analysts expect Germany’s manufacturing to continue increasing into the fourth quarter.

US ECONOMY ADDS JOBS IN NOVEMBER
The US saw significant job growth in November, as non-farm payrolls increased by 211,000, according to the country’s labour department.

Job growth was also revised for October, adding 35,000 more jobs than previously thought.

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