Originally published at: TRUDEAU in TROUBLE: Canada Loses 70K+ Jobs, Biggest Plunge in 10 Years, Unemployment at 5.9% | Sean Hannity
The Canadian economy took a sharp turn for the worse in recent months; shedding more than 70,000 jobs in what economists are describing as the biggest plunge since the Great Recession of 2009.
“Canada’s job market unexpectedly weakened for a second-straight month, registering the biggest drop in employment since 2009 and casting doubt on the resiliency of the domestic outlook,” reports the Financial Post.
“The report missed the median economist forecast for a gain of 10,000 jobs. The unemployment rate increased to 5.9 per cent in the month, from 5.5 per cent in October, the biggest one-month jump since 2009. The decrease in employment was broad-based among both the goods-producing and service-producing sectors,” adds the website.
“Regionally, Quebec lost 45,100 jobs in November due to a decline in manufacturing as well as accommodation and food services. Alberta and B.C. both lost 18,200 jobs,” writes the CBC.
Read the full report here.