- Con'd again by Harper, Flaherty, Baird, and the Gang
Posted to: Canada pumps out the jobs, Jeremy Torobin and Michael Babad, Dec. 04, 2009
http://www.theglobeandmail.com/report-on-business/canada-pumps-out-the-jobs/article1388321/#articleTab 18
If you actually read the Stats can Report
Labour Force Survey, November 2009
http://www.statcan.gc.ca/daily-quotidien/091204/dq091204a-eng.htm
You get:
- Full-time and Part-time employment increase of 79,000
- Services sector, especially education, up 73,000 of the 79,000
- Education up 38,000
- Full -time jobs up 39,000
- Part-time jobs up 40,000
- net employment down 321,000 since last Oct.'08
- Ontario - unemployment at 9.3%, was unchanged in November
- Between October 2008 and March 2009, employment fell in almost all industries, especially in manufacturing and construction.
- Since March 2009, however, employment has slowed its decline in manufacturing,
- Since March 2009 it has picked up in construction and in a number of service industries
These figures suggest that:
- the increase in Full-time jobs was mostly in education.
This is not tied into the performance of the economy
and,
- the increase in part-time jobs mainly in other services - e.g., retail sales.
Considering retailers are gearing up for the Christmas Season this is not at all surprising, especially since it is being, effectively (although it is month over month, if there was a huge drop last Fall which has not significantly been recouped over the months since - and the net employment down 321,000 since last Oct.'08 so indicates - then it is effectively compared to the period of the big drop) compared to last Christmas Season, which, although I don't have the numbers in front of me, having lived through it - and survived to a degree - I suggest that it would not be very difficult to have an increase of part time employment in the retail sector in November. Then question then becomes what happens in February.
- Manufacturing has slowed its decline
manufacturing is a true indicator of how the economy is actually doing and not only is it not increasing it is still decreases albeit not as quickly - thank God for that.
This indicates that exports are not increasing and consumer spending is not increasing. It also indicates that manufacturers do not expect a huge increase in consumer spending for the Christmas season - otherwise they would have been gearing up.
- The job increases were definitely not in Construction which indicates that the Opposition claims that very little of the Multi-Billions Stimulus Spending has taken place are correct and that is just one more example of being Con'd by Harper, Flaherty, Baird, and the rest of the gang.
Another inference that can be made is that the Ontario economy is still in very bad shape and the Ontario budget will probably reflect the added spending in the public sector.
Lloyd MacIlquham cicblog.com/comments.html
posted also to:
Canada gained surprising 79,000 jobs in November, December 4, 2009
http://www.cbc.ca/money/story/2009/12/04/unemployment-november.html#socialcomments-submitTab 85
http://www.theglobeandmail.com/report-on-business/canada-pumps-out-the-jobs/article1388321/#articleTab 18
If you actually read the Stats can Report
Labour Force Survey, November 2009
http://www.statcan.gc.ca/daily-quotidien/091204/dq091204a-eng.htm
You get:
- Full-time and Part-time employment increase of 79,000
- Services sector, especially education, up 73,000 of the 79,000
- Education up 38,000
- Full -time jobs up 39,000
- Part-time jobs up 40,000
- net employment down 321,000 since last Oct.'08
- Ontario - unemployment at 9.3%, was unchanged in November
- Between October 2008 and March 2009, employment fell in almost all industries, especially in manufacturing and construction.
- Since March 2009, however, employment has slowed its decline in manufacturing,
- Since March 2009 it has picked up in construction and in a number of service industries
These figures suggest that:
- the increase in Full-time jobs was mostly in education.
This is not tied into the performance of the economy
and,
- the increase in part-time jobs mainly in other services - e.g., retail sales.
Considering retailers are gearing up for the Christmas Season this is not at all surprising, especially since it is being, effectively (although it is month over month, if there was a huge drop last Fall which has not significantly been recouped over the months since - and the net employment down 321,000 since last Oct.'08 so indicates - then it is effectively compared to the period of the big drop) compared to last Christmas Season, which, although I don't have the numbers in front of me, having lived through it - and survived to a degree - I suggest that it would not be very difficult to have an increase of part time employment in the retail sector in November. Then question then becomes what happens in February.
- Manufacturing has slowed its decline
manufacturing is a true indicator of how the economy is actually doing and not only is it not increasing it is still decreases albeit not as quickly - thank God for that.
This indicates that exports are not increasing and consumer spending is not increasing. It also indicates that manufacturers do not expect a huge increase in consumer spending for the Christmas season - otherwise they would have been gearing up.
- The job increases were definitely not in Construction which indicates that the Opposition claims that very little of the Multi-Billions Stimulus Spending has taken place are correct and that is just one more example of being Con'd by Harper, Flaherty, Baird, and the rest of the gang.
Another inference that can be made is that the Ontario economy is still in very bad shape and the Ontario budget will probably reflect the added spending in the public sector.
Lloyd MacIlquham cicblog.com/comments.html
posted also to:
Canada gained surprising 79,000 jobs in November, December 4, 2009
http://www.cbc.ca/money/story/2009/12/04/unemployment-november.html#socialcomments-submitTab 85
posted by wlloydm at
10:20 AM
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