Moron that....later.......and NOW for the REAL NEWS:
Canada's Unemployment Rate Drops On Surge In Part-Time Work
The number of full-time jobs actually fell in February, Statistics Canada
OTTAWA — The economy added 15,400 net new jobs last month and the unemployment rate edged down to 5.8 per cent — but the gains were due to a surge in part-time work that offset a heavy decline in full-time positions.
Statistics Canada's latest labour force survey, released Friday, also found that the job gains in February were driven by an increase of 50,300 in public-sector jobs.
The country lost 39,300 full-time jobs and generated 54,700 part-time positions last month, the report said.
Why you can’t trust Canada’s unemployment rate
Either Peterborough had a truly incredible March, or something’s wrong with the way Canada tracks unemployment.
The Ontario city’s unemployment rate, according to numbers released Friday, dropped 90 per cent between November and March — 40 per cent between February and March alone. That’d be a truly impressive feat, especially given Ontario’s swooning manufacturing numbers the same month.
But is it true?
“No,” says Stuart Harrison, CEO of Peterborough’s Chamber of Commerce.
“It just makes you question the reality. And without completely dismissing the numbers, we certainly minimize their importance.”
Harrison gets asked about Peterborough’s weird unemployment numbers all the time.
“We’re always being asked to explain. And I don’t think that it’s explainable,” he said.
“Next month it could be 8 per cent. We’ve gotten used to it.”
Statistics Canada’s monthly Labour Force Survey tracks employment, unemployment and several other facets of Canada’s labour force broken down by region, gender and multiple demographic factors.
The number everyone focuses on is the unemployment rate — the percentage of people in the workforce who say they’re out of a job.
But the survey and its info are also used as a snapshot of how Canadians work, which Canadians work and how that varies across the country.
That’s a problem. Because the Labour Force Survey can be kind of a mess.
March was particularly noisy: Multiple cities’ unemployment rates dropped or rose of at least a full percentage point within the month.
“It’s not just Peterborough,” said Mike Moffatt, an economist at the Ivey School of Business and Toronto’s Mowat Centre.
“Windsor’s seeing the same thing. … Alberta gained a pile of jobs this month, almost all in retailing and wholesaling.”
Why are the stats especially skewed this month?
“They do the survey in the middle of the month; maybe everybody was out celebrating St. Patrick’s Day or something.”
Last edited by Danbones; May 15th, 2018 at 02:08 PM..