Today's story on job losses shows how a correct fact can reflect a reality far more complex than would at first appear.
Yes, Canada lost 55,000 jobs (bad Tories!) but the unemployment rate also dropped (huh?).
Since more people left the job market than lost jobs the unemployment rate declined. Is that a good thing?
Probably not but it's hard to be sure.
If people left the job market because they are comfortably off and decided to stop working and spend time, say, improving their French, it's a good thing.
If people left the job market because they couldn't find work at all and decided not to even try to get a job it's a bad thing.
Moreover the types of jobs lost and created matters too -- and here government jobs went up but manufacturing jobs were lost. So overall, what does it mean?
I'm not sure but one thing is certain -- the reality is far more complex than merely noting 55,000 jobs were lost and concluding the economy is in freefall.
CTV: Canada's unemployment rate dipped slightly in July to 6.1 per cent, despite losing 55,000 jobs in the month, Statistics Canada reported.
Still, last month's jobless rate means that Canada's unemployment level remains close to a 30-year low.
Statistics Canada said July's job losses, the largest monthly reduction in 17 years, were offset by the number of Canadians who left the job market.
Story here:
http://news.sympatico.msn.cbc.ca/Canadas+unemployment+rate+dips+in+July/Business/ContentPosting?isfa=1&newsitemid=canemployment&feedname=CBC-BUSINESS-V3&show=False&number=0&showbyline=False&subtitle=&detect=&abc=abc&date=False
4 comments:
The job losses are all Harper's fault.
Students going back to school would account for some of the 'left the market' crowd.
The looney is back down to 93, oil is down near 120, so shouldn't manufacturing pick up some?
Despite the stats, there are still 100K and 150K jobs posted on employment sites:
http://www.realmatch.com
http://www.monster.com
http://www.indeed.com
Lots of high paying jobs.
Remember how all the looney lefties crowed at the sub-prime mortgage thing in the US last year.
These dummies thought that Canada was immune. I said at the time "if the US gets a cold, we get Pneumonia".
Factor in 30 years of Lieberal missmanagement, over-taxation (highest in G8 for years), factories leaving Canada for decades.
And now some say its Harpers fault? Talk about clueless. My taxes have gone down, I keep more of my own money . . . good!!
And now citizen Dion wants to tax my gasoline, natural gas, the few business that are still open . . . and you silly lefties want to support this nonsense. These policies will add at least 10% onto the cost of living. Imagine doing all this because a computer program told you the future . . . Nuts!!!
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