Comment 72771

By Sucking Sound (anonymous) | Posted January 06, 2012 at 07:34:02

"Canada's economy began creating jobs again in December after two consecutive months of declines, but it was not enough to keep the unemployment rate from edging up a notch to 7.5 per cent.

Statistics Canada said the unemployment rate rose one-tenth of a point despite the jobs increase because more Canadians entered the labour force.

The pick-up of 17,500 jobs was welcome news after November and October's significant setbacks of 73,000, yet overall, there was little to cheer about in the first major economic report card of 2012.

The agency noted that all the gains were in the weaker categories of part-time and self-employment, whereas full-time work fell by 25,500 and the number of employees in the country declined by 13,600 in December.

The losses were offset by gains of 43,100 in part-time work and 31,100 in self-employment."

http://www.theglobeandmail.com/report-on-business/economy/jobs/jobless-rate-edges-up-to-75/article2293532/

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