Canada January job losses biggest on record

Fri Feb 6, 2009 7:02am EST
 
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(Reuters) - Canada's unemployment rate jumped to 7.2 percent in January from 6.6 percent as employers cut a record 129,000 workers from payrolls, the biggest monthly job loss ever recorded in the survey, Statistics Canada said on Friday.

Job losses in the manufacturing sector were also the heaviest recorded since Statscan began collecting the data in 1976.

Jan 2009 Dec 2008

Jobs gain/loss -129,000 -34,400

full-time -113,900 -70,700

part-time -15,100 +36,200

Unemployment rate 7.2 pct 6.6 pct

Participation 67.4 pct 67.6 pct

Labor force 18.292 mln 18.320 mln   Continued...