Economy sheds 129,000 jobs in January

Ontario, B.C. and Quebec account for all job losses
||Last Updated: 02/13/2009

As Canada begins to feel the true force of the latest recession, another 129,000 people joined the ranks of the unemployed in January, according to the latest figures from Statistics Canada.

This is the largest monthly job loss on record, exceeding any monthly decline during the recessions of the 1980s and 1990s, and it pushed the unemployment rate up 0.6 percentage points to 7.2 per cent.