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article imageCanada's jobless rate rises to 6.6% in December

By Bodhisattva Banerji     Jan 10, 2009 in World
Rate of the jobless reaches a more than expected level in Canada as has been expected by the economists. Some of them described the situation as an indicator for economic slow-down.
Canada lost 34,000 jobs in the month of December only as the experts felt amazed to experience a more than expected number. Some of the experts held this as an important pointer for the growing economic slow-down in the country. The rate for of jobless persons in the month of December reportedly stood at 6.6% which is much higher than expected.
In candid revelation the Statistics Canada stated the big loss had been the result of a drop of around 70,700 full-time jobs. The effort has reportedly been offset by a huge rise in the number of people interested to work part-time. Minister of Finance Mr. Jim Flaherty warned of sounding more job losses in the year 2009. While speaking in Thornhill Mr. Flaherty reportedly stated that the Canada had been in for a very difficult year. He added further that they were regrettably going to have to expect more job losses in Canada in the recent future. He concluded stating that he had received plenty of suggestions during his consultations related to his next job including the budget on helping out the unemployed in various ways such as retraining and work sharing.
Various agencies reported that in advance of the employment report, the economists had been expecting a huge loss of 20,000 jobs in Canada for the month of December alone.
More about Canada, Jim flaherty, Thornhill
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