The loss of hundreds of thousands of jobs in April has cast some doubt on Canada’s sustained recovery.
Latest data from Statistics Canada showed that the economy shed some 207,100 jobs last month, much higher than experts’ predicted figure of 150,000. This also significantly muted the impact of the more than 300,000 new workers added in March.
Together, these movements pushed up the unemployment rate from 7.5% in March to 8.1% in April. # SANDI HALPERN # SOLD # LEASED #ECONOMY
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