Canada’s employers and employees will be getting yet another break on EI premiums thanks to the strong labour market.

The Canada Employment Insurance Commission says employee premiums are set to fall 7¢ on Jan. 1, 2007 to $1.80 per hundred dollars of earnings. Premiums for employers fall 10¢ to $2.52 per hundred dollars.

The decrease amounts to a 3.7% decline next year.

It is the 13th consecutive rate reduction going back to 1994, when workers paid more than three dollars per $100 of earnings.

Employment figures for October released last week put the country’s jobless rate at 6.2%, down from 6.4% in September.