The Canadian economy posted its biggest monthly job loss since the financial crisis as the unemployment rate also pushed higher in November, Statistics Canada reported Friday.
The economy lost 71,200 jobs last month and the unemployment rate rose to 5.9 per compared with 5.5 per cent in October, the data agency said.
Economists on average had expected a gain of 10,000 jobs and the unemployment rate to hold steady at 5.5 per cent, according to financial markets data firm Refinitiv.
The number of full-time jobs fell by 38,400, while part-time employment fell by 32,800.
The goods-producing sector lost 26,600 jobs in the month as the number of manufacturing jobs fell by 27,500 and the natural resources sector shed 6,500. Meanwhile, the services sector lost 44,400 jobs as the number in public administration fell by 24,900 in November.
https://www.cbc.ca/news/business/stats-can-jobs-report-nov-1.5386624