LayoffBlog.com

February 6, 2009

Canada’s Employers Cut Record 129,000 Jobs in January

Filed under: Canada,FYI,unemployment — DF @ 7:48 am
Tags: , ,

According to Bloomberg: “Canada lost a record number of jobs in January, pushing the unemployment rate to a four-year high of 7.2 percent, as companies struggle to cope with the country’s first recession since 1992.

Employers cut a net 129,000 workers, three times the loss forecast by economists, after a drop of 20,400 in December, Statistics Canada said today in Ottawa. It was the largest drop since the methodology for the survey was changed in 1976.”

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