|
|
"A comprehensive, collaborative elections resource."
|
'Blazing' Canadian economy churns out 88,900 jobs
|
|---|
| Parent(s) |
Container
|
| Contributor | Monsieur |
| Last Edited | Monsieur Feb 09, 2007 03:06pm |
| Logged |
0
|
| Category | News |
| Media | Website - CBC |
| News Date | Friday, February 9, 2007 09:00:00 PM UTC0:0 |
| Description | The Canadian economy added far more jobs than expected in January, with Alberta and British Columbia leading the employment surge, Statistics Canada said Friday.
Economists had been looking for the country to create 10,000 to 15,000 jobs last month. But the agency said 88,900 jobs were added.
That unexpected strength led to a big increase in the Canadian dollar. It rose two-thirds of a cent to 85.23 cents US in late morning trading.
Much of January's job growth was concentrated in the two westernmost provinces — British Columbia created 31,700 jobs, while Alberta contributed another 24,100. All four western provinces managed to post record-high employment rates.
Despite that jobs boom, the unemployment rate ticked up a 10th of a percentage point from December to 6.2 per cent because many more people entered the labour force looking for work. |
| Share |
|
|
2¢
|
|
| Article | Read Full Article |
|
| Date |
Category |
Headline |
Article |
Contributor |
|
|
