Photo: archer10 via Flickr
WHOA: UGLY report in Canada.
In October, the country shed 54K jobs, which compares to expectations of a gain of 15K jobs.
Unemployment jumped to 7.3%. It was expected to hold steady at 7.1%.
Bear in mind that last month saw a huge upward surprise, with 60.9K supposedly gained in September, so this wipes out all that.
Original post: To get you excited about the US jobs report at 8:30, we’re covering LIVE the Canadian jobs report at 7:00 AM ET.
Analysts are looking for 15K jobs created, and an unemployment rate of 7.1%.
Remember last month, Canada crushed it, creating 61K new jobs.