Recession batters Atlantic Canada
HALIFAX–A new report indicates rural parts of Atlantic Canada are being hard hit as the recession takes a toll on the region's economy.
The Atlantic Provinces Economic Council says the decline in production and exports in mining and manufacturing is leading to layoffs in many smaller communities.
The council says that as of last month, overall employment in the Atlantic region was down by about 9,400 jobs from the peak in October 2008.
But the rate of decline was not as bad as the national average faxless payday loans.
The most recent figures show a drop of 0.8 per cent in the number of jobs in the Atlantic region since last October, compared with a decline of 1.7 per cent nationally.
Meanwhile, the regional unemployment rate rose to 10.3 per cent in February from 9.6 per cent last October.