Canada hit with first monthly jobs loss of 2010

[discocrisco01]

Source: Retuers

OTTAWA (Reuters) - Canada's economy unexpectedly lost jobs in July in the first such decline this year, suggesting its once robust recovery is cooling and the pace of future interest rate hikes may slow.

The 9,300 job losses brought Canada more in line with the United States, where figures out Friday showed U.S. employment fell for a second straight month in July, leaving the unemployment rate there stuck at 9.5 percent.

Statistics Canada said on Friday that a loss of 139,000 in full-time employment positions was not quite offset by a 129,700 jump in part-time jobs. The unemployment rate rose to 8.0 percent from 7.9 percent.

Analysts in a Reuters poll had forecast an increase of 15,000 jobs and a 7.9 percent unemployment rate.

It was the first time the economy dropped jobs since December and followed a strong gain of 93,200 jobs in June. Jobs growth also beat expectations in May and April.



Read more: http://ca.reuters.com/article/domesticNews/idCATRE6751YJ20100806?sp=true

[civilisation]

1. Should have not bragged soooooo much about the big E

But I thought Harper's conservatives had everything under control,. we have the economy everyone else wants?? The bank bailout has failed to stimulate the master of all the economy,. hope that will not make the coming election difficult for them,. . lol.

[Posteritatis]

2. At this rate I expect they'll claim the job losses are liberals quitting to make them look bad

Or something like that anyway; the Conservatives have been in more of a dream world than usual lately.