Posted AT 11:57 AM EST on 08/08/08
Canada posts biggest job loss in 17 years
The Canadian economy lost 55,200 jobs in July, when economists had forecast an increase, but the unemployment rate edged down to 6.1 per cent, Statistics Canada said Friday.
The employment figures showed the biggest loss in jobs since February 1991, when 57,000 disappeared as recession gripped Canada.
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