Canadian Unemployment Rate Hits 8% in March

Stats Canada has reported that Canada’s unemployment rate hit 8% in March.  This is the highest rate in seven years.

In March, Ontario unemployment remained steady at 8.7%, however Ottawa’s unemployment rate rose sharply and is now 5.2%.

More details on Canada’s forecast unemployment rates and trends for 2009 is in this blog.

Comparison of Canada’s unemployment rates with the great depression is in this blog.