XPost: can.politics, bc.politics, ab.politics   
   XPost: ont.politics, sk.politics, man.politics   
   From: "@nyet.ca   
      
   CBC News Posted: Jul 11, 2014   
      
   Canada lost 9,400 jobs in June, jobless rate ticks up to 7.1%   
      
   34,000 jobs lost in Ontario alone during the month   
      
      
      
   Canada's economy shed 9,400 jobs in June, enough to inch the   
   unemployment rate up slightly to 7.1 per cent.   
      
   Statistics Canada said Friday there were actually more than 33,00 new   
   full-time jobs created during the month. But that was offset by a larger   
   drop of 43,000 part-time positions.   
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        'If Alberta is stripped out of the national total, there would have   
   been no job growth in the past year'- BMO economist Doug Porter   
      
   Provincially, there were 34,000 fewer jobs in Ontario, and Newfoundland   
   and Labrador also saw a decrease. Meanwhile, Manitoba, New Brunswick and   
   Prince Edward Island all saw job increases.   
      
        Dire youth job prospects can't be solved with education alone   
      
   Economists had actually been expecting a small increase in the number of   
   jobs in Ontario because of activity surrounding the provincial election   
   campaign.   
   That didn't happen.   
      
   The province's hard-hit manufacturing sector had another bad month, as   
   employment in that sector fell by another 13,600 jobs to a record low,   
   dating back to 1976.   
      
   The job losses weren't confined to manufacturing alone, however. Ten of   
   the 16 job categories that the data agency tracks posted losses in the   
   month.   
      
   For comparison purposes, the U.S. currently has a 6.1 per cent   
   unemployment rate, a six-year low.  But Canada and the U.S. calculate   
   their jobs figures differently, and when Canada's numbers are processed   
   using the U.S. methodology, the two countries have the same unemployment   
   rate — 6.1 per cent.   
      
   June's jobs data means that Canada has produced a mere 72,000 jobs in   
   the last 12 months. That's the lowest annual figure since February 2010.   
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   Worse still is that much of those gains are coming from just a single   
   province — Alberta.   
      
   "If Alberta is stripped out of the national total, there would have been   
   no job growth in the past year," BMO economist Doug Porter noted.   
      
   The Canadian dollar plunged on the news, down 0.76 cents US to 93.16   
   cents as economists anticipate the poor result may cause the Bank of   
   Canada to trim its growth expectations for the economy in next week's   
   monetary policy report, while signalling any hike in interest rates is   
   at least another year away.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)