Posted by: youngragingbull | February 8, 2013

Canada Job Report

Canada’s economy lost 22,000 jobs in January Statistics Canada reported Friday in its monthly job report.

Despite the loss of jobs, the unemployment rate actually fell 0.1 percentage points to 7% as 57,500 people stopped looking for work – more than enough to offset the decline in the number of jobs.

Most of the job losses came from the public sector, where there were 27,000 fewer positions. Self-employment rose slightly, and the private sector was largely unchanged, Stats Canada said.

Across the provinces, employment declined in Ontario and British Columbia, while there were increases in Alberta, Saskatchewan and New Brunswick.   Currently, P.E.I. has the highest provincial unemployment rate in the country, at 11.8%. The lowest is in Saskatchewan, at 4%.

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