Evening Update: Canada’s unemployment rate jumps to 6.1% as job creation stalls


Source: theglobeandmail.com theglobeandmail.com

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Good evening, let’s start with today’s top stories: Canada’s unemployment rate jumped above 6 per cent for the first time in more than two years, the latest sign of a weakening economy. The unemployment rate rose to 6.1 per cent from 5.8 per cent in February, and it has risen by a full percentage point over the past year, according to Statistics Canada. The rate was higher in March after an increase of 60,000 people searching for work or temporarily laid off. The Canadian numbers were in stark contrast to the United States, which today reported its unemployment rate fell...