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Job losses mount

  • Job losses mount

Tyr
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#1Dec 5th, 2008
Today's job loss data is but the beginning of a long and painful depression. Once data comes in for December/January, 71,000 will seem insignificant.


It's past time for our gov't to get its act together and come up with a "real" stimulus package that focuses on the economy and not petty partisan politics.


Massive job losses hit Canada, U.S.



OTTAWA - The Canadian economy lost a much greater than feared 71,000 jobs in November, the worst monthly loss in more than a quarter century, and a taste of what's to come, while the U.S. lost more than half a million more jobs, bringing the losses there since that recession began to 1.9 million.

The "shocking" job losses here and in the U.S. sent already deeply depressed stock markets on both sides of the border lower amid retreating commodity prices, including oil, which slipped to the $43 US a barrel level and which in turn pulled the loonie down to the 77 cents US level.
In Canada, the worse than expected job losses, split between part- and full-time positions, were the most since the early-1980s recession.



Here, the much worse than expected job losses, split between part- and full-time positions, were the most since the early-1980s recession. The report ended three straight months of gains and nudged the unemployment rate up a notch to a two-year high of 6.3 per cent.
 
Ron in Regina
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#2

Job losses mount

Dec 5th, 2008
Source: --

The struggling Ontario economy bore the brunt of the losses with 66,000 jobs disappearing, 42,200 of them in the battered manufacturing sector, which sent the newly "have-not" province's unemployment rate to a five year high of 7.1 per cent. Nova Scotia lost 4,400 jobs and Alberta 3,700.


There were modest job gains of 2,400 in Manitoba, 2,500 in Quebec, 1,300 in Saskatchewan, and 200 in Newfoundland and Labrador, which recently escaped its long-standing have-not status.


The Canadian job market, however, is in a lot better shape than the U.S. labour market, having created 133,000 jobs during the first 11 months of the year, compared with the loss of nearly 2 million jobs there.


"For the 11th month in a row, U.S. employment shrank, and in November, shrank it did," BMO Capital Markets economist Jennifer Lee observed in the wake of news of the loss of a further 533,000 jobs, the worst in a third of a century.

Source: --

The seasonally-adjusted unemployment rate in Saskatchewan dropped to 3.7 per cent in November, from 4.0 per cent both in November of last year and in October of this year.

Across Canada, the unemployment rate increased to 6.3 per cent in November from 5.9 per cent in November last year and from 6.2 per cent in October of this year.
_______________________________________________

We still have something like 18,000 unfilled employment vacancies in Saskatchewan. Jobs to
be had....just bring your own house.
 
Tyr
Avatar
#3

Re: Job losses mount

Dec 5th, 2008
Quote: Originally Posted by Ron in ReginaView Post

Source: --

The struggling Ontario economy bore the brunt of the losses with 66,000 jobs disappearing, 42,200 of them in the battered manufacturing sector, which sent the newly "have-not" province's unemployment rate to a five year high of 7.1 per cent. Nova Scotia lost 4,400 jobs and Alberta 3,700.


There were modest job gains of 2,400 in Manitoba, 2,500 in Quebec, 1,300 in Saskatchewan, and 200 in Newfoundland and Labrador, which recently escaped its long-standing have-not status.


The Canadian job market, however, is in a lot better shape than the U.S. labour market, having created 133,000 jobs during the first 11 months of the year, compared with the loss of nearly 2 million jobs there.


"For the 11th month in a row, U.S. employment shrank, and in November, shrank it did," BMO Capital Markets economist Jennifer Lee observed in the wake of news of the loss of a further 533,000 jobs, the worst in a third of a century.

Source: --

The seasonally-adjusted unemployment rate in Saskatchewan dropped to 3.7 per cent in November, from 4.0 per cent both in November of last year and in October of this year.

Across Canada, the unemployment rate increased to 6.3 per cent in November from 5.9 per cent in November last year and from 6.2 per cent in October of this year.
_______________________________________________

We still have something like 18,000 unfilled employment vacancies in Saskatchewan. Jobs to
be had....just bring your own house.

in what though? Primary economies - mining, oil fields, forestry, etc.

What Canada needs is more jobs in tertiary (hi-tech) and secondary economies (manufacturing)
 
JLM
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#4

Re: Job losses mount

Dec 5th, 2008
Quote: Originally Posted by Ron in ReginaView Post

Source: --

The struggling Ontario economy bore the brunt of the losses with 66,000 jobs disappearing, 42,200 of them in the battered manufacturing sector, which sent the newly "have-not" province's unemployment rate to a five year high of 7.1 per cent. Nova Scotia lost 4,400 jobs and Alberta 3,700.


There were modest job gains of 2,400 in Manitoba, 2,500 in Quebec, 1,300 in Saskatchewan, and 200 in Newfoundland and Labrador, which recently escaped its long-standing have-not status.


The Canadian job market, however, is in a lot better shape than the U.S. labour market, having created 133,000 jobs during the first 11 months of the year, compared with the loss of nearly 2 million jobs there.


"For the 11th month in a row, U.S. employment shrank, and in November, shrank it did," BMO Capital Markets economist Jennifer Lee observed in the wake of news of the loss of a further 533,000 jobs, the worst in a third of a century.

Source: --

The seasonally-adjusted unemployment rate in Saskatchewan dropped to 3.7 per cent in November, from 4.0 per cent both in November of last year and in October of this year.

Across Canada, the unemployment rate increased to 6.3 per cent in November from 5.9 per cent in November last year and from 6.2 per cent in October of this year.
_______________________________________________

We still have something like 18,000 unfilled employment vacancies in Saskatchewan. Jobs to
be had....just bring your own house.

I'm getting confused- Last month it was reported that for the previous months we had an uncharacteristically high increase in employment, so I'm wondering if offsetting errors weren't made.
 
Tyr
#5

Re: Job losses mount

Dec 5th, 2008
They're called "vapour jobs". They disappearred
 

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