Urgent - Canada's labor market data exceeds expectations in December.

Data released by Statistics Canada on Friday showed a positive outlook for the country's labor market during December, as Canada's economy added 90.9 thousand jobs during the month, significantly higher than market expectations which indicated an addition of around 24.9 thousand jobs. The previous reading had shown that the Canadian economy added approximately 50.5 thousand jobs in November. At the same time, the data indicated that the unemployment rate in Canada rose to 6.7% in December, which was better than market expectations that suggested an increase to 6.9%. The previous reading had shown an increase in the unemployment rate in Canada to 6.8% during November. It's worth noting that the employment change index measures the change in the number of people employed over the past month. These data are significant for the Canadian economy and are released shortly after the end of the month, having a strong impact on the markets due to their importance and early release time. The unemployment rate measures the proportion of unemployed individuals actively seeking jobs from the total workforce in Canada. Although the index data is compiled cumulatively, the number of people unemployed serves as an indicator of the health of the Canadian economy, as consumer spending is closely linked to labor market conditions. Additionally, it is a significant factor in the decision-making of the monetary policy committee regarding Canada's central bank.