Canada employment dropped -71.2k in November, well below expectation of 10.0k. Unemployment rate surged to 5.9%, up from 5.5% and was way worst than expectation of 5.5%. Employment declined in Quebec, Alberta and British Columbia, while it was little changed in the other provinces.
In the goods-producing sector, fewer people worked in manufacturing (-28k) and in natural resources (-6.5k), with most of the declines in each of these industries observed in Quebec. The employment decrease in the services-producing sector was mostly accounted for by public administration, where the number of workers fell by -25k.
