Year-over-year, employment in B.C.is up 18.1 per cent and the Canadian economy gained 293,000 jobs - an increase of 1.6 per cent over November 2018 that is largely accounted for by gains in full-time employment.
The growth in November was helped by the return of General Motors workers from a strike in October. And despite President Donald Trump's desire for further rate cuts, the central bank could leave rates unchanged for the foreseeable future, Guatieri said. The unemployment rate dropped in November to just 3.5%, matching its lowest level in almost 50 years.
Federal Reserve policymakers are expected to highlight the economy's resilience when they meet on December 10-11, though trade tensions continue to reverberate in the background.
The number of persons employed part time for economic reasons, at 4.3 million, changed little in November. The unemployment rate fell back to 3.5 percent, the lowest level in a half-century.
Canada's labour market recorded its worst month for job losses in more than a decade with roughly 71,000 positions shed in the month of November. On Wednesday ADP, the US's largest payroll provider, said the USA has added just 67,000 new jobs in November. The high-paying professional and technical services sector added 30,600 jobs, after three months of weak growth.
According to details, the Canadian November labour market posted its biggest monthly job loss and largest unemployment upswing since the financial crisis.
The number of jobs added in November was "well above" what analysts had forecast of approximately 180,000.
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Wage gains were moderate because the bulk of the jobs created last month were in healthcare and leisure, industries that tend to pay low wages. With lots of jobs lost and unemployment, it's not the most wonderful time of year for some people.
But the jobs market is clearly losing steam.
The US Dollar Index spiked 0.2% to 97.60, from an opening of 97.38. For the year average to date, this figure is up by less than 0.5 percent, meaning that it is dropping as a share of total employment.
The greenback has been pummeled all week due to a slew of weaker-than-expected USA data in manufacturing and services.
"Conditions remain firmly in place for the consumer and the service sector to cushion the economy from external risks and related weakness in USA manufacturing", said Brian Coulton, chief economist at Fitch Ratings in NY.
Some two dozen top economists told Bankrate in a Q4 poll that there was a 35 percent chance of a recession in 2020, compared to a 41 percent chance expressed in a similar Q3 survey. Sales of new homes increased by a third.
The unemployment rate is based on the number of people without jobs seeking work.
Employment gains in November could, however, come below expectations. The EPOP for prime-age men edged up 0.2 percent to 86.7 percent, a high reached in March, while the EPOP for women slipped 0.1 percentage point to 74.1 percent, which is still a full percentage point above its year-ago level.