May Unemployment Report, Not So Hot

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After two scorching months of job growth in Canada, the May numbers honked, coming in at only 7,700. Haven't seen the Ontario numbers anywhere, so I assume they were flat too. Since last month's Ontario's numbers were also flat that's not really great news for Ontario government revenues. I can't see June's numbers being great and with Europe going slowly down in flames, Ontario's 2012-2013 deficit will probably end up being higher than predicted.