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Canada lost 35700 jobs in November
The federal agency reported that the unemployment rate was up from 6.6 per cent in October, reaching its highest level since April 2010.
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Statistics Canada said Friday that overall employment was down by almost 36,000 net positions last month, pushing the jobless rate to 7.1 per cent from seven per cent in October.
Economists had been expecting a milder 10,000 decrease in jobs.
Employment fell in Alberta, Manitoba, New Brunswick and P.E.I., and was “virtually unchanged” elsewhere, the agency said.
Canada’s services sector dropped 82,000 positions, including the significant decline in public-administration work.
London’s unemployment rate continued its decline in November, falling 0.3 per cent to 6.8 per cent, while the national rate saw an uptick.
Employment was down in wholesale and retail; finance, insurance and real estate; and information and cultural industries.
Jobs were lost in both private and public sectors during November – down 40,800 and 21,200, respectively – with most of the declines coming in part-time employment and mainly among those between 15 and 24 years of age. However, 26,300 more people said they were self-employed.
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In Calgary, the unemployment rate jumped from 6.7 per cent to 6.9 per cent as 5,700 jobs were lost on a monthly basis. In fact almost 42 per cent of the job losses in Canada last month were in Alberta.