Friday, February 13, 2009

Canada Job Losses Hit Record Highs

Canada Lost 129,000 Jobs In January

Canada's job losses in January surpassed anything seen during the previous economic downturns in the 1980s and 1990s, Statistics Canada said Friday.With the economy staggering in recession, Canada's unemployment rate shot up by 0.6 percentage points in January to 7.2 per cent as 129,000 jobs were lost. Almost all of the job losses were in full-time work.Since October, the battered Canadian economy has lost 213,000 jobs. Between January 2008 and January 2009, overall employment across the country was down by 88,600 jobs.

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