Prior information released by Statistics Canada in the last few months of 2009 suggested that the Canadian labour market had found a way to sustain the rate of job cutting by Canadian employers. In November of 2009, the data indicated that Canadian employers created approximately 79,000 new jobs for Canadians. However, the figures for December of 2009 were quite different.
Statistics Canada has indicated that Canadian employers cut approximately 2,600 jobs this past month, leaving the unemployment rate at 8.5 per cent, nearing the highest level in the past eleven years.
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