The Globe and Mail reports in its Saturday edition that Canada's unemployment rate jumped to its highest level in years last month, bolstering bets that the Bank of Canada will deliver another large interest-rate cut next week to revive a sluggish economy. The Globe's Matt Lundy writes that the unemployment rate rose to 6.8 per cent in November from 6.5 per cent the previous month, Statistics Canada said Friday. While it was a robust month for hiring -- employers added 50,500 jobs in November, double analysts' expectations -- those gains did not keep pace with a strong increase in the number of job seekers, resulting in a higher unemployment rate. However, less encouraging was that the public sector accounted for the bulk of new positions, with a net increase of 45,000 jobs. As of late Friday morning, swaps markets were pricing in a 75-per-cent chance of a half-point cut, versus roughly 50:50 odds before the Statscan release. "Even with the messiness of today's employment report, the economy continues to add jobs, reinforcing our view that the labour market is on solid foundations," James Orlando, senior economist at Toronto-Dominion Bank, said in a note to clients. The United States added 227,000 jobs in November.