Canada: Unemployment rate rises to 7.4 per cent as jobs are lost

Ottawa : Canada | Dec 02, 2011 at 10:45 AM PST

By northsunm32

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Canada Adds 60900 Jobs In September; Jobless Rate Falls To 7.1%

In contrast to the U.S. the unemployment rate in Canada climbed last month to 7.4 per cent but it is still considerably better than 8.6 per cent in the U.S. Canada lost a total of 18,600 jobs last month. Last month the unemployment rate was 7.3 per cent.
The news was not all bad in that there was an increase of 34,600 full time jobs. This was more than offset by a decline of 53,300 part time jobs.
The unemployment situation varies by province. Newfoundland and Labrador had a rate of 13.2 per cent up from 12.9 the month before. In the three prairie provinces unemployment is lower than the national average at between five and six percent although Saskatchewan lost some jobs last month and unemployment went from a low 4.1 to 5.1. This is still a rate many provinces can envy. For more see this CBC article.

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Unemployment statistics go up in Canada.

northsunm32 is based in Brandon, Manitoba, Canada, and is an Anchor for Allvoices.

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