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OTTAWA — Canada shed another 61,300 jobs in March as employers continued to drastically cut costs amid a deepening economic downturn.
The biggest drop in employment came in British Columbia, where 23,000 jobs were shed.
Statistics Canada said Thursday that the job losses — following 82,600 jobs the previous month — pushed the unemployment rate to a seven-year high of eight per cent, up from 7.7 per cent in February.
Most economists had expected 50,000 job losses in March.
Canada has now lost more than 356,000 positions since peak employment last October — the biggest decline since 1982.
Statistics Canada said all the job losses in March were full-time positions, with the manufacturing and construction sectors being the hardest hit.
Next to B.C.`s 23,000 jobs lost came Alberta, down 15,000, and Ontario, down 11,000. "Since October, these three provinces also had the fastest rate of employment decreases," the federal agency said.
Read the full article here.
The biggest drop in employment came in British Columbia, where 23,000 jobs were shed.
Statistics Canada said Thursday that the job losses — following 82,600 jobs the previous month — pushed the unemployment rate to a seven-year high of eight per cent, up from 7.7 per cent in February.
Most economists had expected 50,000 job losses in March.
Canada has now lost more than 356,000 positions since peak employment last October — the biggest decline since 1982.
Statistics Canada said all the job losses in March were full-time positions, with the manufacturing and construction sectors being the hardest hit.
Next to B.C.`s 23,000 jobs lost came Alberta, down 15,000, and Ontario, down 11,000. "Since October, these three provinces also had the fastest rate of employment decreases," the federal agency said.
Read the full article here.