Canada's economy shed 68,000 jobs in September — the second straight monthly surprise decline — snapping a hot streak that added 181,000 positions between April and July, Statistics Canada reports.
Two months doesn't make a recession, but back-to-back misses rewrite the story from boom to brittle. Youth and precarious workers absorb it first, as always.
Lines of young Torontonians clutching resumes at the Enercare Centre in July now looks less like opportunity and more like foreshadowing. When the music stops in this economy, the young sit down first.
Sources: CBC News. Context from the Young Hadene newsroom.
-68,000 in September after August's drop; two straight misses.
Economists watch trade-war drag and rate effects.