Unemployment rate climbed to 7.3 per cent, from 7.1 per cent
The October jobs report was unexpectedly grim, with the economy shedding 54,000 jobs, the Globe and Mail reports. It was the single worst monthly result since 2009. All the losses came from full-time positions, particularly in the manufacturing and construction sectors in central Canada. The unemployment rate rose from 7.1 to 7.3 per cent.