Canadian Jobless Rate Up

Canada's unemployment rate rose to 8.6 percent in October from 8.4 percent a month earlier as the economy shed 43,200 jobs, the government said Friday.

Nov 6th, 2009

TORONTO (AP) -- Canada's unemployment rate rose to 8.6 percent in October from 8.4 percent a month earlier as the economy shed 43,200 jobs, the government said Friday.

The decline in jobs follows two months of moderate growth. Economists had been expecting a 10,000 gain in October.

Statistics Canada said Friday that the job decline reflects the loss of 60,000 part-time jobs. Full-time employment increased slightly.

The agency said that employment is now down 400,000 jobs, or 2.3 percent, since a year ago.

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