Canadian Wage Growth Hits Highest Level In 6 Years As Jobless Rate Stays At Record Lo

mentalfloss

mentalfloss

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Jun 28, 2010
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How do Conservatives deal with such incredibly good economic news?

This is just devastating for people who care about the economy!



Canadian Wage Growth Hits Highest Level In 6 Years As Jobless Rate Stays At Record Lows

OTTAWA — Wage growth hit its highest level in nearly six years last month as the economy posted a net loss of 1,100 jobs and an unemployment rate that held steady at 5.8 per cent.

Statistics Canada's latest jobs report shows wages in April were up 3.6 per cent compared with a year ago, the largest increase since October 2012.

The indicator, which is closely monitored by the Bank of Canada ahead of its interest-rate decisions, posted an annual increase of 3.3 per cent in March.

Compared with 12 months earlier, the employment was up 1.5 per cent following the creation of 278,300 jobs, which was fuelled by 378,300 new full-time positions.

https://m.huffingtonpost.ca/2018/05/11/wage-growth-canada-2018_a_23432470/
 
Danbones

Danbones

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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.
https://www.huffingtonpost.ca/2018/03/09/unemployment-rate-canada-february-2018_a_23381538/

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.”

https://globalnews.ca/news/2626770/why-you-cant-trust-canadas-unemployment-rate/
 
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Danbones

Danbones

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Dat's "denière, nationaliste, METIS" pour vous.
;)
Sorry, I'll try to type my facts quieter.
 
darkbeaver

darkbeaver

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mentalfloss said:
Conservatives really hate good news about the economy.
Click to expand...

Mighten there be an alternative reason/perspective for your observation, might I suggest that your misgivings might originate in the thin growth of lichens where your head should be. just kidding, what good economoc news?
Have we sold Alberta ?

I can,t stress the economic importance that every cubic kilometer of Alberta that finds it way into sunlight is paramount to human survival, we will of course preserve some Albertans as long as they remain viable. God bless them All that soil.
 
10larry

10larry

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All part of lib economic logic like budget self balance that justyn and wynne have complete faith in, private sector jobs cover their own cost(s) and oft spin off other employment opportunities. Public sector employment taxpayers get to cover the payroll n' we know how hard our swivel servants toil. Our bloated public sector simulates good employment numbers and wage growth but it's on our dime, hafta luv lib economic ken. Get crazy and think about future tax revenues that we not only pay but subsidize.
 
Danbones

Danbones

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gopher said:
some say the same about Dumpster - so let everyone celebrate the good news :)
Click to expand...

The difference being I back up my opinion with actual facts.
;)
as opposed to MF's "good' news" which is not even true as I posted...it's FAKENEWS.

...and what is it that trump hates so much?
 
Danbones

Danbones

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mentalfloss said:
Physics and the laws of Thermodynamics.

Danbones: FAKE NEWS!
Click to expand...

Where do you relate the two again in the OP exactly?

Part time jobs are great if you have the six or seven of them it takes to pay the LIBERAL loving MONEY LAUNDERING caused rent increases...

( the chinese have driven the rent round here up by 500 bucks a month on a two bedroom. )
 
taxslave

taxslave

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mentalfloss said:
How do Conservatives deal with such incredibly good economic news?

This is just devastating for people who care about the economy!



Canadian Wage Growth Hits Highest Level In 6 Years As Jobless Rate Stays At Record Lows

OTTAWA — Wage growth hit its highest level in nearly six years last month as the economy posted a net loss of 1,100 jobs and an unemployment rate that held steady at 5.8 per cent.

Statistics Canada's latest jobs report shows wages in April were up 3.6 per cent compared with a year ago, the largest increase since October 2012.

The indicator, which is closely monitored by the Bank of Canada ahead of its interest-rate decisions, posted an annual increase of 3.3 per cent in March.

Compared with 12 months earlier, the employment was up 1.5 per cent following the creation of 278,300 jobs, which was fuelled by 378,300 new full-time positions.

https://m.huffingtonpost.ca/2018/05/11/wage-growth-canada-2018_a_23432470/
Click to expand...

Now look at how much costs on everything has gone up and that picture isn't so rosey. All those people getting cut off EI really lowers the unemploymrnt rate too.
 
mentalfloss

mentalfloss

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Jun 28, 2010
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Tecumsehsbones said:
This has pretty much nothing to do with Trudeaubama, or the Libs; you understand that, right?
Click to expand...

Are you asking someone who doesn't actually care about the economy, or someone who purports to care about it?

I just make threads about it as a mechanism to reveal those who purport to care but actually don't.

See Db and taxslave, who support protectionism and leftist policy.


Tecumsehsbones said:
Well, that answers your question, mentalfloss. Deny, carp, whine, moan, complain.
Click to expand...

That's the ongoing problem with the conbots.

Even Jordan Peterson can't save them.
 
Twin_Moose

Twin_Moose

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taxslave said:
Now look at how much costs on everything has gone up and that picture isn't so rosey. All those people getting cut off EI really lowers the unemploymrnt rate too.
Click to expand...

Not to mentioned the self employed who are waiting for budgets to be hashed out and thousands waiting for summer work to begin in construction.
 
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