- Jason Kenney ignored warning over unreliability of online job ads: internal doc
- "The labour market is not strong, that's a given": CIBC economistby PressProgress
Just how bad are Canada's new job numbers?
Just how bad are Canada's latest job numbers released Friday by Statistics Canada?
Here are 5 statistics that tell the story:
- 59,700: That's the number of full-time jobs that were lost last month.
- 200: Economists had expected the creation of 20,000 jobs in July. Instead, a mere 200 jobs were created overall, with part-time jobs offsetting the loss of full-time work.
- 0.7%: That's the growth of employment over the past year, with the addition of 115,300 new jobs. All this growth was in part-time work.
- 35,400: That's how many people dropped out of the labour force last month and are no longer being counted as unemployed.
- 65.9%: This is Canada's participation rate, which tracks the number of people searching for jobs. This is the first time since 2001 it has fallen below 66%.
- Bonus: Stephen Harper's Conservative government says it's focused on "job creation and economic growth."
Monday, August 11, 2014
The Harper Economy
On top of the dismal job numbers quoted below, Canada is the second worst "western" country after Albania (I believe) for the amount of under-employed in the workforce.We are somewhere near 1/3 of the total workforce working jobs beneath the level of their qualifications for far less than they should be making. What does it matter if we create jobs in service industries for engineers, it's still jobs right? Harper thinks so. Everyone serving the 1% for wages that don't enable anyone else to join them. It's no coincidence that the middle-class is shrinking, their wages have been held down for the last thirty years. Without a middle-class there is no way to rise from poverty except by chance or the charity of the privileged. I know many who are under-employed, including me. It's not because entrepreneurs and corporations are making worthwhile jobs. Go ahead, open another store or restaurant. Who is going to be able to afford to use them? The rich only shop in so many places. I suppose it will have to be the foreign "temporary" workers brought in to keep these vital businesses going. Working for the "company store". The more things change, the more they stay the same.