Saturday, July 11, 2009

"Less Bad" is the new "Good"

The Post suggests these figures show something positive -- I'm not so sure -- if you lose your job it's harder now to get a new one. Wether it's a Canadian or worldwide issue, it's still bad news:

OTTAWA -- Canada's economy lost 7,400 jobs in June - far less than expected - even as the country continued to struggle through an economic downturn.

The unemployment rate rose to 8.6 per cent - an 11-year high - from 8.4 per cent in May, Statistics Canada said Friday.

[...] Most economists had expected 35,000 job losses in June, with the unemployment rate rising to 8.7 per cent.

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