Record number of Canadians working

Employment rate hits highest level ever, 2002 was best year for job growth since 1987
||Last Updated: 01/22/2003

While the unemployment rate remained unchanged at 7.5 per cent in December, the employment rate hit a record high of 62.4 per cent according to Statistics Canada.

The employment rate is defined as the proportion of the working age population holding a job. The unemployment rate held steady at 7.5 per cent, though, because of a large number of people entering the labour force.

According to Statistics Canada, 58,000 jobs were created last month — most of them full time. Over 2002, employment rose 3.7 per cent, with 560,000 new jobs created, the highest annual growth rate since 1987.