StatsCan: Canada lost 129,000 jobs in January

If there’s anything that proves the recession talk wasn’t all bullshit, it’s the figures released by StatsCan yesterday:

Canada’s job losses in January surpassed anything seen during the previous economic downturns in the 1980s and 1990s, Statistics Canada said Friday.

With the economy staggering in recession, Canada’s unemployment rate shot up by 0.6 percentage points in January to 7.2 per cent as 129,000 jobs were lost. Almost all of the job losses were in full-time work.

Since October, the battered Canadian economy has lost 213,000 jobs.

What’s also scary is that at home, BC is second to Ontario in jobs lost followed by Quebec:

Ontario lost 71,000 jobs last month, the largest monthly drop in more than three decades, Statistics Canada said. The drop pushed the province’s unemployment rate up by 0.8 percentage points to eight per cent — its highest level since November 1997.

British Columbia shed 35,000 jobs as its unemployment rate also increased by 0.8 percentage points to 6.1 per cent.

Quebec’s employment fell by 26,000 jobs, with all the losses coming in part-time work. The province’s unemployment rate rose to 7.7 per cent. January saw large declines in public administration, following gains in December associated with hiring for the provincial election.

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Count your blessings, keep those pennies in your pockets. You never know what will happen.

Posted: February 7th, 2009
Categories: Current Events
Tags: , ,
Comments: 4 Comments.
Comment from Stacey Derbinshire - February 7, 2009 at 5:00 PM

Where did you get your blog layout from? I’d like to get one like it for my blog.

Comment from Jamie - February 7, 2009 at 7:11 PM

This is depressing, however, I’ve always been broke, broke. To quote the Pete Townshend: “I was born with a plastic spoon in my mouth.” My tip: don’t be in a hurry to finish your degree – no jobs are waiting.

Comment from Matt - February 8, 2009 at 2:36 AM

@Stacey Derbinshire: to be honest with you, i just used google and searched up ‘simple’ wordpress themes and whatnot, which i’m guessing is the type of theme you’re looking for. good luck!

@Jamie: leave it to my man jamie to deliver on the quotes. service sector ho!

Pingback from It’s trying times | Matt’s Blog. - February 26, 2009 at 9:04 PM

[…] most telling are the stats: 5,000 walk the plank in BC alone. In November, 533,000 in the US. 213,000 in Canada. Shocking figures, but in front of me […]