Posted by: youngragingbull | April 5, 2013

Canadian Job Report

Canada’s economy shed 54,500 jobs in March, pushing the unemployment rate up to 7.2%, Statistics Canada reported Friday.

Economists were expecting to see 6,500 new jobs created last month.

Provincially, Quebec, British Columbia and Alberta lost jobs, and employment edged down in Ontario. The only province with an increase was Nova Scotia.

The private sector lost 85,000 jobs in March, while the public sector was largely unchanged.

With March’s disappointing numbers, Canada’s economy has now lost collectively 26,000 jobs so far in 2013.

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