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Jobs stall brings call for cancellation of government spending cuts
OTTAWA ` Canada`s jobs engine appears to have stalled in line with economic growth, prompting some leading economists to call on Ottawa to hold off announced spending cuts.
The country`s unemployment rate rose to a nine-month high of 7.6 per cent last month, Statistics Canada reported Friday, as an addition of a mere 2,300 jobs proved insufficient to cover the increase of 23,700 Canadians looking for work.
If it had been a one-month blip, economists might have looked the other way. But January was merely the continuation of a half-year stretch of disappointing results. Since October, the economy has shed an average of just under 10,000 workers a month.
Read the full article here.
OTTAWA ` Canada`s jobs engine appears to have stalled in line with economic growth, prompting some leading economists to call on Ottawa to hold off announced spending cuts.
The country`s unemployment rate rose to a nine-month high of 7.6 per cent last month, Statistics Canada reported Friday, as an addition of a mere 2,300 jobs proved insufficient to cover the increase of 23,700 Canadians looking for work.
If it had been a one-month blip, economists might have looked the other way. But January was merely the continuation of a half-year stretch of disappointing results. Since October, the economy has shed an average of just under 10,000 workers a month.
Read the full article here.