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Jobless rate stuck at 8 per cent

Canadians scouring want-ads or those nervously hoping they will hang on to their jobs are unlikely to get much comfort from job figures in the coming months as the unemployment rate is expected to stubbornly hover around the eight per cent mark, experts predict.

Canadians scouring want-ads or those nervously hoping they will hang on to their jobs are unlikely to get much comfort from job figures in the coming months as the unemployment rate is expected to stubbornly hover around the eight per cent mark, experts predict.

As the engines of economic growth gear down — to a mere two per cent of gross domestic product in the latest quarter — Canadians should get used to seeing the number eight in headlines and feeling its effects on their finances.


Economists say the eight per cent unemployment rate will persist and cast a pall on prospects for hiring and income levels into next year.

 
 
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