Canada lost one million jobs, unemployment rate jumped to 7.8%

<p>Canada employment contracted -1011k in March, or -5.3%. Employment rate dropped 3.3% to 58.5%, lowest since April 1997. The contraction in employment was also larger than any of the three significant recessions since 1980. Unemployment rate surged from 5.6% to 7.8%. The 2.2% rise was the largest one-month increase since comparable data became available in 1976. […]</p>
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