The unemployment rate defies expectations.
Economists had predicted the jobless rate would rise in December but it stayed at it’s 43 year low of 5.6%.
However, wage growth for December was only 1.49% which is well below inflation.
Another dark cloud is the youth unemployment rose nationally from 10.8% in November to 11.1% in December.
Provincially, the jobless rate dropped from 5.6% to 5.4%.
Locally, the unemployment rate dropped to 6% from 6.2% in November