Canadian unemployment rate rises to 7% in May


mentalfloss
#1


Canadian unemployment rate rises to 7% in May

Canada's unemployment rate rose to seven per cent in May just over the previous month, as many young workers entered the job market seeking summer work, according to Statistics Canada.

Nearly 26,000 jobs were created in May, but most of the gains were in part-time work. In the past year, the Canadian economy has cranked out 86,000 jobs, a relatively low number, and most of the new work is part time.

More people were working in educational services, agriculture and accommodation and food services in May, but job growth in the private sector was flat. However, on an annual basis, the private sector is responsible for most of the new work because of cuts in public sector spending.

The economy actually shed 29,100 full-time jobs in the month, but there was a gain of 54,900 part-time jobs, most of them likely temporary seasonal work. Among sectors that lost jobs, the natural resources industry declined by about 23,000 and there were about 21,000 fewer workers in finance, insurance, real estate and leasing.

Manufacturing was also down by 12,200 and construction was largely flat.

Canadian unemployment rate rises to 7% in May
 
captain morgan
Bloc Québécois
+1
#2
OMG!... OMFG!!

That's it... Last one to leave Canada - please shut off the lights
 
taxslave
No Party Affiliation
+2
#3
And yet we need more tradesmen but ran out of camp space and I got two calls so far this week asking me to come to work. Lots of jobs just not for people with no skills living in depressed cities.
Now if we were to start building pipelines and refineries we would have to import qualified workers.b
 
petros
+1
#4
It must be an eastern thing.

According to Statistics Canada, the Saskatchewan unemployment rate for April 2014 was 3.7 percent. This is a decrease of 0.9 percentage points from the March *.
 
captain morgan
Bloc Québécois
+2
#5
Well, maybe the stats were taken in a 'sample community ' a week after the lobster fishing season closed
 
mentalfloss
+1
#6
Quote: Originally Posted by petrosView Post

It must be an eastern thing.

According to Statistics Canada, the Saskatchewan unemployment rate for April 2014 was 3.7 percent. This is a decrease of 0.9 percentage points from the March *.

I never knew Canada's economic action plan wasn't meant for Canada, but rather 2-3 provinces.

Good to know.
 
taxslave
No Party Affiliation
+2
#7
Quote: Originally Posted by captain morganView Post

Well, maybe the stats were taken in a 'sample community ' a week after the lobster fishing season closed

Or in bumfuk Oilberta where they are swimming in black gold but can't deliver because a few citiot welfare bums don't want any jobs to be created building pipelines and refineries. and loose their welfare.
 
Spade
Free Thinker
#8
The Canadian economy recently recorded.

Stubborn sputtering car - YouTube

 
captain morgan
Bloc Québécois
+2
#9
Quote: Originally Posted by taxslaveView Post

Or in bumfuk Oilberta where they are swimming in black gold but can't deliver because a few citiot welfare bums don't want any jobs to be created building pipelines and refineries. and loose their welfare.


You'd be amazed at the opportunity there is in small-town AB and Sask... It is now at the point where the cost of housing in these areas is approaching the suburbs of the major cities.

Hell, a hotel room in some road-side flea bag is $150/night and securing a room is touch-and-go at the best of times... Of course, you can always sleep in the truck in -30.
 
petros
+1
#10
Quote: Originally Posted by mentalflossView Post

I never knew Canada's economic action plan wasn't meant for Canada, but rather 2-3 provinces.

Good to know.

Whaaaaaaaaaaa.

When you're producing $70K (and climbing rapidly) a head in GDP, you'll get goodies too.
 
taxslave
No Party Affiliation
#11
Quote: Originally Posted by captain morganView Post

You'd be amazed at the opportunity there is in small-town AB and Sask... It is now at the point where the cost of housing in these areas is approaching the suburbs of the major cities.

Hell, a hotel room in some road-side flea bag is $150/night and securing a room is touch-and-go at the best of times... Of course, you can always sleep in the truck in -30.

The work is there or could be if there was a way to deliver product. Which is OK for the moment because Kitamat needs tradespeople for a while yet. The problem here is housing.
 
petros
+1
#12
Why should Western Canada get all the breaks? ON needs infrastructure for the unemployed.
 
mentalfloss
#13
Quote: Originally Posted by petrosView Post

Whaaaaaaaaaaa.

When you're producing $70K (and climbing rapidly) a head in GDP, you'll get goodies too.

Except it was subsiding one industry that brought you there.

The 'free' market.
 
petros
#14
Quote: Originally Posted by mentalflossView Post

Except it was subsiding one industry that brought you there.

What is being subsidized? Finance which is SKs leading economic driver? Potash? Uranium? Grain? Conventional oil?

None of them are subsidized. Is your only familiarity with a tax credit the CTC?
 
DaSleeper
+1
#15
Quote: Originally Posted by petrosView Post

What is being subsidized? Finance which is SKs leading economic driver? Potash? Uranium? Grain? Conventional oil?

None of them are subsidized. Is your only familiarity with a tax credit the CTC?

The typical liberal........


.......................................
 
captain morgan
Bloc Québécois
+1
#16
Quote: Originally Posted by petrosView Post

Whaaaaaaaaaaa.

When you're producing $70K (and climbing rapidly) a head in GDP, you'll get goodies too.

At that kind of GDP, the province doesn't need to go cap-in-hand to the Feds

Quote: Originally Posted by taxslaveView Post

The work is there or could be if there was a way to deliver product. Which is OK for the moment because Kitamat needs tradespeople for a while yet. The problem here is housing.

Either by rail or pipeline... The NIMBYs can take their pick

Quote: Originally Posted by petrosView Post

What is being subsidized? Finance which is SKs leading economic driver? Potash? Uranium? Grain? Conventional oil?

None of them are subsidized. Is your only familiarity with a tax credit the CTC?

You're wasting your time with Flossy on the fallacy of subsidies to resource sector(s).... The (self) interest groups must cling to that inaccuracy in order to maintain any semblance of having an argument.... They have been schooled on all the other areas that they believed were their 'Eureka' moments
 
Retired_Can_Soldier
+3 / -1
#17  Top Rated Post
Why did I know this was an Mentalfloss thread. Unemployment has risen in May for a number years for a distinct reason. Spring Break Up. Between May and June, the oil fields slow down due to weather changes. No worry folks, its starting up again. See you again this time next year.
 
petros
+3
#18
Even he could be making a killing on the Prairie with a lower cost of living and a lot less stress. The wide open spaces and fresh air would do the lad some good.
 
Tonington
+1
#19
Quote: Originally Posted by mentalflossView Post

I never knew Canada's economic action plan wasn't meant for Canada, but rather 2-3 provinces.

Or that the March-April statistics are relevant for April-May's. Saskatchewan's unemployment rate rose by 0.3% in May, above the 0.1% national average! Alberta, Ontario, Manitoba, and New Brunswick all had decreases in their rates.

Quote: Originally Posted by Retired_Can_SoldierView Post

Why did I know this was an Mentalfloss thread. Unemployment has risen in May for a number years for a distinct reason. Spring Break Up. Between May and June, the oil fields slow down due to weather changes. No worry folks, its starting up again. See you again this time next year.

The statistics are seasonally adjusted...
 
petros
#20
Gasp!!!! It's still 3.7 June will drop even more. 5000 positions open up this summer for skilled labour on just two non-oil projects that will run 3 years to completion.

May = break up. RTS already flipped it off.

Better luck next time.
 
Tonington
+1
#21
Quote: Originally Posted by petrosView Post

May = break up. RTS already flipped it off.

Break up=seasonal, ARIMA statistics means the seasonal cycle is removed.

RCS may not have known that. Suffice it to say, it's not a factor in these changes.
 
petros
+1
#22
Slow hard break up this year. Can't go by the stats kid.
 
Tonington
#23
Quote: Originally Posted by petrosView Post

Can't go by the stats kid.

Why?
 
petros
+1
#24
Global warming and it's polar vortices (giggle).
 
Tonington
+1
#25
Quote: Originally Posted by petrosView Post

Global warming and it's polar vortices (giggle).

Yes, spring break-up did start early this year *hah* ...but that doesn't answer why you can't use seasonal adjustment to adjust for seasonal and predictable changes in employment, which I don't think you understand.
 
petros
#26
Alberta oil patch is in Saskatchewan? Triiiippy dude.

keep trying sonshine.
 
Tonington
+2
#27
Quote: Originally Posted by petrosView Post

Alberta oil patch is in Saskatchewan? Triiiippy dude.

Who said that? I responded to two posts, one about Saskatchewan unemployment growth, and one about seasonal adjustments in the oil patch.

Lay off the shrooms and I won't be zooming over your head old man.
 
petros
#28
Published: Saturday, March 24, 2012

Are you f-cking serious?
 
Tonington
#29
Quote: Originally Posted by petrosView Post

Published: Saturday, March 24, 2012

Are you f-cking serious?

I see March 25, 2014...
 
petros
#30
Presto chango....your original link. Early spring breakup brings drilling slowdown

*hah*

And this still isn't Alberta
 

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