UPDATE 1-Canada enouraged by jobs data, worries about U.S.

* Canada added 15,200 jobs in November

* Flaherty worried by U.S. jobless jump
(Adds quotes, details)

MONTREAL, Dec 3 (BestGrowthStock) – Canadian Finance Minister Jim
Flaherty said on Friday he was encouraged by data showing the
jobless rate in Canada fell in November but added he was
concerned by gloomy U.S. employment figures.

Statistics Canada said employers added 15,200 workers last
month, with the jobless rate falling to 7.6 percent from 7.9 in
October. The U.S. unemployment rate jumped to 9.8 percent from
9.6 percent.

“I am encouraged by the unemployment numbers this morning
in Canada,” Flaherty told a news conference in Montreal.

“It’s a bit discouraging to see the unemployment numbers in
the United States … there’s a persisting concern with respect
to the American economy,” he said.

Canada is heavily dependent on the United States, which
takes 75 percent of all its exports.

Flaherty and Bank of Canada Governor Mark Carney have
consistently identified weak U.S. growth as one of the main
risks for the Canadian economy.

Other factors holding the domestic economy back are the
strong Canadian dollar and the after-effects of the global

Flaherty said he expected modest economic growth over the
next few years and repeated he was satisfied Canada was on
track to balance its budget in the medium term.
(Reporting by Leila Lemghalef, writing by David Ljunggren;
editing by Rob Wilson)

UPDATE 1-Canada enouraged by jobs data, worries about U.S.