Black January for workers as Canada loses 129,000 jobs


OTTAWA - Canada suffered its worst monthly job loss in at least three decades in January as 129,000 more workers across the country became victims of the economic slump.

The country has never seen a monthly job drop like this since Statistics Canada began compiling the data this way in the 1970s, not even during the recessions of the early 1980s and 1990s.

The job losses were felt in every region of the country and impacted almost all industries, as the unemployment rate soared to its highest level since November 2004 at 7.2 per cent, from 6.6 per cent in December.
February 7th, 2009 in Breaking News, Economic Crisis