Canada lost lots of full-time jobs last month - Macleans.ca
 

Canada lost lots of full-time jobs last month

Economists hadn’t expected summer setback


 

At a point when forecasters were expecting a modest increase in employment, the Canadian economy instead shed a startling 139,000 full-time jobs, spiking unemployment up over eight per cent, the first time the jobless rate has risen in nearly a year. The new Statistics Canada numbers this morning seemed like a corrective, after the Canadian economy had generated new jobs more rapidly in recent months than seemed justified by the modest growth in gross domestic product. A hefty drop of 65,000 jobs in the education sector was one feature of the unsettling July employment picture. Despite the summer slump, though, almost all of the jobs shed during the 2008-2009 downturn have been gained back, so the overall situation in 2010 for Canadians seeking employment hasn’t been bleak. The goods-producing sector continued to grow in July, adding 42,000 workers—an upbeat bit of news for the manufacturing sector that was hit hard in the 2009 recession.

Winnipeg Free Press


 
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Canada lost lots of full-time jobs last month

  1. Yes, and now Harper says the economy is 'too fragile' for an election.

    Wasn't it only yesterday he was still bragging about how we're doing better than any otherG8 nation, and how he personally convinced everyone to 'cut-back' on stimulus spending?

    Behind the curve…again.

  2. This survey doesn't include the thousands and thousands of unreported jobs that are out there.

  3. It would appear that Mr. Harper thinks Canadians are uneducated idiots and buffoons. In fact, we may even be more ignorant than uneducated Americans. And it seems Harper doesn't really think much of unemployed Canadians…here is an excerpt of a speech HArper made to an right wing American think tank in Montreal in Montreal (1997) when Harepr was VP of NCC.

    "…First, facts about Canada. Canada is a Northern European welfare state in the worst sense of the term, and very proud of it. Canadians make no connection between the fact that they are a Northern European welfare state and the fact that we have very low economic growth, a standard of living substantially lower than yours, a massive brain drain of your professionals to your country (I assume he included Mr. Ignatieff in this group) and double the unemployment rate of the Unite States. In term of the unemployed, of which we have over a million-and-a-half, don't feel particularly bad for many of these people. They don't feel bad about it themselves, as long as they're receiving generous social assistance and unemployment insurance."

    Could it be possible that Mr. Harper thinks that Canadians are a bunch of socialists with an entitlement problem? Apparently, we'd rather sit on our butts and collect EI than actually work. All of Canada's smart people (at least the ones that are motivated enough to work for a living) would rather move to the United States to get away from Canada's loser, sit at home and wait for the government cheques to roll in mentality.

    • I knew people happy to collect unemployment. It's not unheard of. It's a good deal if you can get paid a descent sum to stay at home as opposed to working all day. EI should be turned into a real insurance program where if you keep collecting they pay you less or eventually cut you off. People can move to the jobs.

  4. I listened to a couple of economists and business reporters who were questioning Stats Canada's numbers because they didn't jive with other employment/business trends. Wonder if Stats Canada is playing politics?