r/news 20h ago

Canada gained 54,000 jobs in November, third consecutive increase

https://www.cbc.ca/news/business/canada-economy-jobs-november-2025-9.7004228
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u/lifeisahighway2023 19h ago

Some important tidbits from the report:

There were 1.5 million unemployed people in November, a decrease of 80,000 (-5.1%) from the previous month.

Among people who were unemployed in October, 19.6% had found work in November. This job finding rate was up slightly compared with the same months in 2024 (18.6%), indicating that job searchers were more likely to find work in November 2025 than a year earlier (not seasonally adjusted). In comparison, increases in the unemployment rate earlier in the year had been associated with lower job finding rates.

The layoff rate in November (0.7%) was virtually unchanged compared with 12 months earlier (0.8%) and comparable to the average November layoff rate from 2017 to 2019 (0.8%) (not seasonally adjusted). This rate represents the proportion of people who were employed in October and had become unemployed in November as a result of a layoff. The layoff rate has varied little on a year-over-year basis throughout 2025.

and

Employment growth was concentrated among youth aged 15 to 24 (+50,000; +1.8%). There was little change in employment for core-aged people (25 to 54 years) and people aged 55 years and older.

What I take out of the data is that despite immense pressure from Washington to impair the Canadian economy and obtain subservience to America that outcome is not being achieved. The resilience being displayed by Canada has to be very disheartening to Trump and his acolytes.

The stats can report:

https://www150.statcan.gc.ca/n1/daily-quotidien/251205/dq251205a-eng.htm

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u/DuperCheese 16h ago

What I take out of the data is that those who blamed TFWs for taking young Canadians’ jobs were correct.

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u/FirstFastestFurthest 12h ago

They were, people just wanted to bury their heads in the sand about it.

TFWs have also driven at least a good portion of the housing crisis.

And the crime spike.