Canada loses thousands of jobs in December
Posted January 8, 2021 5:40 am.
Last Updated January 8, 2021 6:14 am.
OTTAWA (NEWS 1130) – Jobless Canadians struggled to find work last month. Statistics Canada says the economy lost 63,000 jobs in December — the first decline we’ve seen since April.
The unemployment rate rose to 8.6 per cent in December, representing a 0.1 per cent change from November.
#Breaking A disappointing December for the labour markets.
Canada loses 62,600 jobs. Jobless rate climbs to 8.6%
U.S non-farm payrolls fall by 140,000 jobs.— Mike Eppel (@eppman) January 8, 2021
The result ended a streak of monthly job gains that began in May as restrictions put in place to slow the spread of the pandemic began to ease.
Full-time employment in December rose by 36,500, but there was a loss of 99,000 part-time jobs.
Statistics Canada also noted that total hours worked fell for the first time since April as they declined 0.3 per cent in December.
Financial data firm Refinitiv says economists on average had expected the report to show a loss of 27,500 jobs for December. The unemployment rate was expected to be 8.6 per cent.
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