http://www.cnn.com" rel="nofollow">LINK
USA - Employers slashed another 598,000 jobs in January, pushing the unemployment rate up to 7.6 percent,


http://www.globeandmail.com" rel="nofollow">LINK
Canada -The unemployment rate soared to 7.2 per cent

Each job loss is alarming.
Regarding Canada's rate being less than USA's, well ... 32 Million with 7.2% is scary compared with 300Million with 7.6%

Work hard, work smart and have faith.

Here you go,

We've been waiting for the global slump to hit Canada. The wait is over.

That's the significance of January's jobless figures. Before then, we knew that workers in cities like Oshawa and Windsor were suffering. Indeed, Windsor's been on the skids for at least two years.

But the rest of us could hope that maybe the jobless crunch wouldn't hit Canada as hard as the U.S., that maybe – to use the lingo of economists – we had managed to decouple ourselves from troubles south of the border, that maybe we'd just be side-swiped by recession.

Alas, no side-swipe. Statistics Canada figures released yesterday show that we're being smacked head on.

The jobless rate nationally is now 7.2 per cent.

In Ontario, it's 8 per cent.

In Toronto, Jobless rate hit a remarkable 8.5 per cent.

Karen Seward, senior vice-president at Shepell.fgi, which offers employee assistance programs, says there has been a pronounced increase recently in call volumes for financial and marital issues.

"There is a lot of stress and anxiety out there, and I think the tough part about this is that we're going to see the ramifications of this over the next 18 to 24 months," Seward said. "What we're seeing right now is the tip of the iceberg."


Keep well,

Cheers!