With employment rising higher than expected and unemployment falling to pre-epidemic levels, new labor data shows Canada is on track for a full economic recovery.

Last November, Canadian business employers created 154,000 jobs. Last month’s growth was higher than analysts’ expectations of 38,000, which was closer to the October level. Employment growth was one percent above pre-epidemic levels. The unemployment rate also fell from 0.3 percent in February 2020 to 6 percent.

Canadian Labor Force Survey data reflects labor market conditions for the week of November 7-13. The outcomes of vaccination policies and other public health actions were broadly similar to those seen in October.