Unemployment rate hits lowest mark in 40 years

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Canada’s unemployment rate is at its lowest level in over 40 years.

According to data from Statistics Canada, the December unemployment rate dropped to 5.7 per cent nationally, its lowest mark since comparable data became available in 1976.

The rate is down from 5.9 per cent in November, as the economy created 78,600 new jobs, including 23,700 full-time positions.

Quebec and Alberta saw the biggest job gains last month.

Ontario’s unemployment rate remained steady month over month at 5.5 per cent.



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