More overall good news for Canada and bad news for the grits and their leftist and separatist coalition partners. There are more full time jobs and the Canadian economy has generated 305000 jobs in the last 12 months!. We need to re elect the Tories!
Canadian Unemployment Rate Down To 7.7% Despite Modest Job Losses
Posted on April 8, 2011 by FXOpen
The Canadian economy lost 1,500 jobs in March, falling far short of expectations even as the national unemployment rate edged down to 7.7 percent, Statistics Canada reported Friday.
While the overall jobs loss may have come as a surprise, the agency noted that full-time work rose by 91,000 in March. This was offset by a decline of nearly 92,000 in part-time jobs.
Economists expected Canadian employers to create 28,000 positions in March, after a rise of more than 15,000 in February.
"However, the headline number masks a strong underlying improvement," noted analyst Rob Carnell at ING. "The greater full time employment and strength of the private sector suggests that the economy continued to pick up speed through the fist quarter of 2011."
The unemployment rate edged down 0.1 percentage points to 7.7 percent. Over the past 12 months, employment has risen by 1.8 percent, as the relatively robust Canadian economy generate 305,000 jobs.