Canadian employment fell in March by the most since the last recession four years ago, a surprise decline led by full-time work and the hospitality industry. The drop of 54,500 positions reported today by Statistics Canada offset a 50,700 gain in February, and the unemployment rate rose for the first time in five months, to 7.2 percent from 7 percent. Economists surveyed by Bloomberg News projected a 6,500 job gain and 7 percent unemployment, according to median forecasts. The report brings the labor market more in line with other parts of the economy, where output growth slowed to a 0.6 percent annualized pace in ... (full story)