Canada suffers 34,400 mores jobs losses

Special to The Canadian

OTTAWA (AFP) — The Canadian economy lost 34,400 jobs in December, driving the unemployment rate up to 6.6 percent, Statistics Canada has documented in a fresh sign of recession gripping the nation.

It was the second month of heavy job losses, after 70,600 were shed in November. The unemployment rate rose to 6.6 percent from 6.3 percent in the prior month.

The numbers were worse than most analysts' projections of 22,000 job losses and a 6.5 percent jobless rate in December.

And Finance Minister Jim Flaherty said the situation will only get worse in the short term. "We're in for a very difficult year," Flaherty told reporters. "We regrettably are going to have to expect continuing job losses in Canada.

"We are going to have substantial job losses," he warned.

Make comments about this article in The Canadian Blog.

SOCIALIZE: Stop the North American Union (NAU) agenda. Become a Member.

Subscribe to RSS feeds

Become a Member:

Would you like to see other similar articles and critical commentaries in The Canadian National Newspaper? Then, show your support. Make a member-pledge donation, in support of the Membership Drive of the Pro-Democracy Media Foundation.

The Canadian can only continue to publish investigative articles in such areas, with the donations from members of the public in Canada, the U.S., and abroad. Consider making a donation of $50.00, $75.00, $100.00, $200.00 or more. Donors are eligible to receive our first collector's print edition in mail. Alternatively, you can send us a note to be placed on our special email list of members. Member-donors can also suggest articles or commentaries to be published in The Canadian.

The Canadian is a socially progressive and not-for-profit national newspaper, with an international readership. We provide an alternative to the for-profit commercial focused media, which often censors vital information and perspective of potential interest to the diverse Canadian public, and other peoples internationally.

Become a member of The Canadian, with your donation-pledge. Help support independent, progressive, and not-for-profit journalism.