Business

Canada December unemployment rate revised to 8.8%

Canada’s unemployment rate in December was revised to 8.8% from 8.6% on Monday, while the net decline in jobs for the month was amended to 52,700 from 62,600, as Statistics Canada completed a historic review of its labor force data.

The revision, undertaken to ensure the data was aligned with recent population and geographical boundary estimates, had “virtually no effect” on employment estimates for the pandemic period of March to December 2020, the agency said.