When the Canadian economy will hit a ‘soft landing’

Statistics Canada has released its latest labour force report for the month of December.

The data showed employment in Canada rose 0.5 per cent from a year ago.

This is the second month in a row that Canada has reported positive labour force numbers, following a 0.4 per cent increase in December.

The country’s unemployment rate fell to 5.9 per cent.

But in the month before Christmas, the country was up 2.6 per cent, as more people opted to stay home and the government raised the federal minimum wage to $15 per hour.

“The economy is in good shape and our labour market remains healthy,” Employment Minister Jason Kenney said in a statement.

“Our economy continues to grow and create jobs for Canadians, as evidenced by the solid number of jobs created last month.”

Statistics Canada has published its annual labour force statistics for every month since 2011.

There were 3.1 million people employed in Canada in December, down from 4.1 per cent in November.

Statistics Canada said there were 7.6 million people unemployed in December 2015, down 1.9 million from November.

It said the unemployment rate declined by 0.1 percentage point to 5,717 people.