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Canada Unexpectedly Sheds 54,500 Jobs in March; Worst Job Loss in 4 Years; Canadian Dollar Tumbles

Samaritan01 Wrote: Apr 07, 2013 9:24 PM
If they tally up unemployment they way we do then their joblessness numbers will instantly decrease. Progressive/Regressive logic........
Chestertonfan Wrote: Apr 07, 2013 10:27 PM
We don't. We include those no longer looking for a job as, well, what they are--unemployed. Our numbers are generally more conservative.

Our neighbor to the North also suffered from an unexpectedly weak jobs report today, the worst monthly job losses in more than four years.

Canada shed 54,500 positions in March, more than wiping out the 50,700 jobs that were added in February, Statistics Canada said on Friday. Market operators had expected a modest gain of 8,500 jobs.

It was the biggest monthly jobs loss since February 2009, when the economy shed 69,300 positions. The March unemployment rate rose to 7.2 percent from 7.0 percent.

"The employment numbers did seem to be...