Canada jobless rate jumps to 11-year high in May

Fri Jun 5, 2009 7:16am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

(Reuters) - About 42,000 Canadian workers lost their jobs in May as the recession forced a restructuring in the automotive and other manufacturing industries, pushing the unemployment rate up to an 11-year high of 8.4 percent, Statistics Canada said on Friday.

NOTE: Analysts surveyed by Reuters had expected the economy to lose 33,000 jobs in May and the unemployment rate to rise to 8.2 percent. The employment figures are seasonally adjusted. Hourly wage figures are for permanent employees.


* Statistics Canada report


(Reporting by Louise Egan)