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Canadian employment: this is getting ugly

We’ll know soon enough if another mistake has been made, but the new jobs report fits with the slump that’s been underway for months


 
(Shutterstock)

(Shutterstock)

When the latest employment figures from Statistics Canada hit like a ton of bricks this morning—the number of private sector jobs fell by 112,000 in August, resulting in an overall drop in employment of 11,000—the obvious first thought was: Should there be an asterisk on that?

It was, after all, only last month when the agency botched the July jobs report, erroneously claiming the economy added just 200 new jobs, when it fact the figure was 42,000. Scotiabank economist Derek Holt was quick to warn the report “looks very fishy to me.” (It’s always telling when a bank economist titles his analysis: “Really?!!”)

We’ll know soon enough if another mistake has been made, but even if the employment report for August didn’t fit with what economists were expecting, it’s hardly out of line with what the Canadian economy has experienced in recent months. There have not been two consecutive months of net new job growth since October 2013. And, as this chart showing the 12-month change in employment reveals*, these new jobs figures are just part of a slowing trend that’s been underway since January 2013.

annual employment growth

On an annual basis, job growth is probing depths not seen outside of a recession since the federal government took its deficit-fighting axe to the public service in the mid-1990s, or since the 2001 U.S. recession and 9/11 brought economic activity nearly to a halt.

Here are a few other employment highlights from August:

-The unemployment rate stayed at seven per cent.

-Since September 2013, full-time employment has grown just 0.03 per cent, the equivalent of 4,200 net new positions.

-Despite the decline in the number of jobs, wages posted a 2.5 per cent gain from the year before. So it’s not all bad news.

 

*This post has been updated to fix incorrect wording on the chart, which originally said it showed a moving average.

 


 

Canadian employment: this is getting ugly

  1. Geez, I wonder if it also has something to do with things like this:
    http://www.cbc.ca/news/canada/edmonton/canadians-expose-foreign-worker-mess-in-oilsands-1.2750730
    …, Harp and his CON’s are actually behind something like this?

    Even JT warned about all this, months ago, as being Anti-Albertan:
    http://www.cbc.ca/news/canada/edmonton/canadians-expose-foreign-worker-mess-in-oilsands-1.2750730

    I’m actually surprised Macleans hasn’t “drilled” into this as well? -and if they did, I’m still trying to find it on this crappy unsearchable, uneditable blog here. :(

  2. You might want to e-mail your MP, regardless of their political affiliation and ask them why they aren’t working for an immediate moratorium on all new immigration to Canada. What fool decided that Canada must admit 250 000 new immigrants a year, rain or shine? Oh yeah, Brian Mulroney. Anyway, it’s clear that unnecessary mass immigration in addition to the obvious fraud of the “Temporary Foreign Worker” program is doing nothing but flood the market for workers in all job categories. It’s placing an especially hard burden on younger Canadians as the entry-level career-track jobs that they need to start their careers get filled by unnecessary new immigrants.

    • I tried to post a similar reason regarding too many un-skilled, un-trained TFW’s, being brought into even the Oilsands ???!!!
      Why is a un-skilled TFW even working on our Pipleline ?! -it’s no wonder the States don’t want that running through their wilderness…
      But, because my links pointed to “cbc” articles it got mod’ed out here :( -a new low for MacRogers.

      The Employment picture in Canada is desperatly “ugly”.
      …and trying to falseify statistics with hundred’s of thousands of tempory foreign workers, immigrants is not going to make it any better.

      We better see some STOP’s to that come Oct/2015, with a new gov’t.

  3. FastFrankie – You speculate that a moratorium on new immigration would decrease unemployment in this country and you would be correct, according to Fraser Institute and other statistics that verify Harper’s numerous foreign worker programs lower wages and increase unemployment. However, Harper Cons have arranged exactly the opposite.

    Have you browsed Harper’s Parliament of Canada CETA information site? The site states that his new EU “trade agreement” makes it “easier” for EU people to work here because CETA is “relaxing” immigration and foreign worker rules.

    In other words, CETA is Harper’s newest foreign worker program that has not yet been unleashed on unsuspecting Canadians.

    With hundreds of thousands of EU homeless migrants impatiently waiting for access to our resources and Harper’s changes to our EI training fund that now provides employers funds to train staff (including “skilled” foreign workers, while Canadian EI denials escalate), you can reasonably expect that the situation will deteriorate.

    To keep informed, please Google, “CETA Myth Buster Guide” and “The CETA Deception” (Council of Canadians).

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