The Canadian economy posted its biggest monthly job loss since the financial crisis as the unemployment rate also pushed higher in November.
Figures released Friday by Statistics Canada show the economy lost 71,200 jobs last month and the unemployment rate rose to 5.9% compared with 5.5% in October.
Economists on average had expected a gain of 10,000 jobs and the unemployment rate to hold steady at 5.5%.
Instead, the data showed job losses spread across industries and job types, with both full-time and part-time positions cut.
The goods-producing sector lost 26,600 jobs in the month as the number of manufacturing jobs fell by 27,500 jobs and the natural resources sector shed 6,500. Meanwhile, services sector lost 44,400 jobs as the number of public administration jobs fell by 24,900 jobs in November.
The loss in jobs came as both full-time and part-time employment moved lower. The number of full-time jobs fell by 38,400, while part-time employment fell 32,800.
Regionally, Ontario and Prince Edward Island were the only provinces to see job growth in the month. Quebec lost 45,100 jobs in November due to a decline in manufacturing as well as accommodation and food services. Alberta and B.C. both lost 18,200 jobs.
