|Subject: Canada's jobless rate jumps
||Canada´s jobless rate jumps to 6.6 per cent; economy sheds 34,400 jobs in December. The deepening recession took another bite out of Canada´s labour market in December as the country shed 34,400 jobs - 70,700 full-time losses partly offset by part-time gains - and the unemployment rate jumped three-tenths of a point to 6.6 per cent. The latest sector to be hit by the economic tsunami was construction, which had previously seemed impervious to the recession.
In December, however, the construction industry lost 44,000 jobs as housing starts dipped to the lowest level in seven years the previous month.Other industries to lose jobs in December included manufacturing, agriculture, forestry, mining and oil.
With the price of oil tumbling, Alberta´s economy also showed signs of slowing and actually recorded the sharpest employment decline of any province last month with 16,000 fewer jobs, all full-time. That pushed the jobless rate in the province up 0.7 percentage points to 4.1 per cent.
Quebec also shed a large number of jobs in December, losing 9,400 overall with gains in part time employment offset by the loss of 48,700 full-time jobs.
The national unemployment rate was 6.6 per cent in December. Here´s what happened provincially (previous month in brackets):
-Newfoundland 13.7 (13.7)
-Prince Edward Island 11.8 (10.7)
-Nova Scotia 8.2 (7.8)
-New Brunswick 8.6 (8.7)
-Quebec 7.3 (7.1)
-Ontario 7.2 (7.1)
-Manitoba 4.3 (4.2)
-Saskatchewan 4.2 (3.7)
-Alberta 4.1 (3.4)
-British Columbia 5.3 (4.9)