(Corrects 2nd paragraph to say jobless rate is the lowest since
June, not March)
* Economy adds 59,300 net new jobs vs forecast of 10,000
* Jobless rate drops to 7.2 pct, lowest since June
* Wage growth slows for permanent employees
OTTAWA, Dec 7 Canada's job market bounced back
in full force in November after meek gains in October to create
the most jobs in eight months, according to upbeat data that
offered hope of stronger economic growth in the fourth quarter.
The economy added 59,300 net new jobs in the month, mostly
full-time positions and in the private sector, Statistics Canada
said on Friday in its Labour Force Survey. The jobless rate fell
to 7.2 percent, the lowest level since June, from 7.4 percent.
Market operators surveyed by Reuters had forecast, on
average, 10,000 new jobs in November and a steady 7.4 percent
The average monthly employment gains were 20,700 over the
past six months, a time frame that reflects a more realistic
trend as monthly figures tend to be erratic.
The hiring was concentrated in the services sector, which
created 65,700 new positions and was led by accommodation and
food services, retail and wholesale trade, and professional,
scientific and technical services.
The goods-producing sector lost 6,200 jobs, with the number
of workers in manufacturing declining by 19,600.
Year-over-year wage growth fell sharply to 2.2 percent in
November from 3.9 percent in October, based on the average
hourly wage of permanent employees.
The economy created only 1,800 jobs in October and a hefty
52,100 in September, although secondary data for that month
showed a decline in non-farm payrolls.
(Reporting by Louise Egan and Alex Paterson)