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Calgary’s jobless rate: Higher now than during global recession

The bad news keeps mounting in Calgary as it suffers from the oil shock. The city's unemployment rate hit 7.7 per cent in January, up from 7 per cent the previous month, according to Statistics Canada. Calgary's jobless rate, which has jumped 3.1 percentage points in a year, "now tops that seen at the height of the financial crisis," BMO economist Robert Kavcic said in a research note.

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