Use code TPM for up to 66% off at

Business & Finance Dec 6, 2019 5:01 AM EST

Canada sheds 71,000 jobs in November, Stats Canada

Meanwhile, the US economy continued to roar and gained 266,000 jobs in November. It was the worst job report for Canada since the 2008 financial crisis.

Canada sheds 71,000 jobs in November, Stats Canada
Jason Unrau Montreal, QC

This article was published more than 1 year ago, information might not be up to date.

Canada collectively shed more than 71,000 jobs in November, the single largest job loss since the 2008 financial crisis. Meanwhile the economic engine of the US roared ahead, employing 266,000 more workers.

Back in Canada, the unemployment rate edged up to 5.9 percent and the hardest hit region was Québec, whose workforce shrank by 45,000, while Alberta and British Columbia suffered 18,000 job losses respectively.

“Declines in employment were recorded both in the goods-producing sector, specifically in manufacturing and natural resources, as well as in the services-producing sector,” Statistics Canada stated.

“The number of private-sector employees was down, while self-employment and public-sector employment held steady.”

Ontario experienced modest losses, causing its unemployment rate to rise slightly, but at 5.6 percent, it’s still below the national average. Modest job growth was experienced in the prairie provinces of Manitoba and Saskatchewan.

Employment for men between the ages of 25 to 54 also dropped for the second month in a row; down another 30,000 workers in November. Year-over-year figures paint a slightly better picture as employment among this demographic grew 51,000 jobs or +0.8 percent.

Ads by revcontent

Join and support independent free thinkers!

We’re independent and can’t be cancelled. The establishment media is increasingly dedicated to divisive cancel culture, corporate wokeism, and political correctness, all while covering up corruption from the corridors of power. The need for fact-based journalism and thoughtful analysis has never been greater. When you support The Post Millennial, you support freedom of the press at a time when it's under direct attack. Join the ranks of independent, free thinkers by supporting us today for as little as $1.

Support The Post Millennial