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Canada Loses 10,700 Jobs in November

Posted December 05, 2014

Under Economic Issues

(Andy Blatchford – Canadian Press)

The Canadian economy shed 10,700 net jobs last month and nudged the unemployment rate up slightly to 6.6 per cent, the latest labour-market survey said Friday.

However, the overall employment change recorded by Statistics Canada for November was so narrow it fell within the study's margin of error, making it statistically insignificant.

The monthly data for November followed healthy back-to-back employment increases of 43,100 jobs in October and 74,100 in September. The October rise had dropped the unemployment rate to 6.5 per cent, its lowest level since November 2008. Read more here.