Still Jobs in Toronto as U.S. Posts Worst Job Losses in 16 Years

The U.S. Labour department reported Friday that more than half a million Americans lost their jobs in December, while this was not quite as bad as expected, it is still the worst decline in 16 years.

Reuters quotes, Richard Yamarone, chief economist at Argus Research in New York as saying "The job situation is ugly and is going to get uglier. There's no reason to expect hiring anytime in the next three to six months. We are not going to see any hiring until the government steps in and acts. Talk doesn't work," said .

The stunning job losses were predominantly in the service-business sector.

Here in Toronto we are seeing certain industries pushed to the brink. However, there are jobs to be found. TorontoJobClassifieds.com continues to receive a good flow of job postings as well as job fair announcements throughout the GTA, indicating there is still a great deal of hiring going on.

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