Canada's unemployment rate hits lowest level since 2008

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According to Statistics Canada's latest report, the unemployment rate in Windsor fell from 6.9 per cent in October to 6.3 in November.

In a labour force of 39,700, the region saw 37,700 people employed.

"It looks like there were more people searching for work", says Stats Canada analyst Andrew Fields. That is down from October's 5.3 per cent and from 7.6 per cent in November 2016. That led the unemployment rate to edge up from the 6.1 per cent reported in October.

All in all, Canada's economy has added 441,000 full-time jobs in the past year.

The increase in jobs is the twelfth straight month of positive job creation in the country.

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The demographics that saw the greatest job gains in November were women aged 55 or older, youth aged 15 to 24, and "core-aged" men aged 25 to 54. "There were a bit over 3,000 more people searching for work compared with last November".

November's unemployment rate was the lowest November unemployment rate since comparable statistics started being recorded in 2001.

On a year-over-year basis, the number of people drawing a paycheque in Saskatchewan was down one percent from November of 2016.

Canada added 80,000 jobs in November alone, driving the national jobless rate down to 5.9 per cent. "It was the largest monthly increase in more than five years, and marked the 12th consecutive gain - an unusual streak that speaks of durability", said Sal Guatieri, senior economist with Bank of Montreal Capital Markets, in a research note.

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