Canada shed another 19,000 jobs in November on the heels of a steep drop in October, edging the national unemployment rate to 7.4%.
The economy lost 53,000 part-time jobs, offset by a gain of 35,000 full-time jobs, according to labour force numbers released by Statistics Canada on Friday.
Finn Poschmann, vice-president of research at economic think-tank the C.D.
Howe Institute, said a second month of bad job numbers left him with a “gnawing unease.”
“One month is a blip. Two months makes a market-watcher look a little harder,” he said.
But Poschmann noted there are, nonetheless, bright spots in the report, including that employment in the resource-based goods sector is up, consumer confidence rose and Ontario gained jobs. Read More…