Economy bleeds 71,000 jobs in November

Unemployment edges up to 6.2 per cent: StatsCan
||Last Updated: 12/16/2008

The biggest monthly net job losses since 1982 drove Canada's unemployment rate up from 6.2 per cent to 6.3 per cent in November, according to the latest figures from Statistics Canada.

The economy shed 71,000 jobs in November, with Ontario recording the biggest loss of 66,000.

The manufacturing sector saw a net loss of 38,000 jobs. Again, Ontario was the hardest hit with a loss of 42,000 manufacturing jobs last month. Those losses contributed to Ontario's unemployment rate jumping to 7.1 per cent from 6.5 per cent in October.