FSRA# 13047 Valko Financial Ltd.

Canadian economy lost 63,000 jobs in December

stressed out woman at computer

It’s going to be another interesting year to say the least, but with all this change comes the opportunity to try something new or different.

Valko Financial Ltd. offers elite-level support to all of our agents and with our heart-centred, community-minded values we are in a position of growth and looking for amazing and ambitious agents across Canada.

Visit www.TracyValko.ca for more information.

Original Source:  KitchenerToday.com

Statistics Canada says the economy lost 63,000 jobs in December in the first monthly decline since April amid tightened public health restrictions to slow a resurgence in the pandemic.

The unemployment rate edged up to 8.6 per cent compared with 8.5 per cent in November.

The result ended a streak of monthly job gains that began in May as restrictions put in place to slow the spread of the pandemic began to ease.

Full-time employment in December rose by 36,500, but there was a loss of 99,000 part-time jobs.

 
Financial data firm Refinitiv says economists on average had expected the report to show a loss of 27,500 jobs for December. The unemployment rate was expected to be 8.6 per cent.
 
In Waterloo Region, the unemployment rate dropped from 9.1 per cent to 8.5 per cent.

 

 

Ready to get started?

Tracy and her team are here to help. Apply online or contact us today and allow us to help you along your journey in life. We will always provide sound financial advice on the best options for your mortgage.