Jobless Numbers Go Up

The numbers keep rising. This is the fact when it comes to unemployment in Canada.

Statistics Canada says that in May of this year, 778,700 people were receiving employment insurance – or EI which is actually unemployment insurance. Compared to the previous month, this was a 9.2 percent increase.
This is a severe increase, compared to the increase of just under three percent that April witnessed, as compared to March, 2009.
The worst hit provinces were the oil-rich Alberta, where the low oil prices have caused a severe setback to the economy and Ontario, which has been hit by the crisis in the auto industry and lower demand abroad for manufactured goods.
The latest data comes just days after Bank of Canada, the country’s central bank, said the recession was over.
The bank says Canada’s economy will grow by a modest 1.3 percent during the current quarter ending September and then by three percent during the final quarter of this year.
However, officials say the labour market will be slow to pick up.

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