Madman
Reviewer
- Joined
- Aug 12, 2011
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Canada ‘a nation of part-timers’ as job hunters give up amid scant employment gains
OTTAWA — Trouble in Canada’s anemic labour market continued into July as a paltry 200 jobs were added during the month, falling spectacularly short of estimates.
'Disappointing' July jobs: What the analysts say
“There was a shocking drop in full-time jobs, down almost 60,000. We did see a drop in the unemployment rate, however, that drop only came on the back of the participation rate, so it’s not encouraging at all.
“Overall, it goes in line with what we’ve seen seasonally in the July report, which is that it tends to miss expectations over and over again.
“All in all, it highlights a very disappointing pace of job gains in Canada.”
– Camilla Sutton, chief currency strategist at Scotiabank
Read more
Economists had expected the economy to bounce back from the unexpected 9,400 decline in June by adding around 20,000 new jobs.
Canada’s unemployment rate dropped one-tenth of a point to 7.0% for the month, but that’s only because 35,400 people stopped looking for work.
The participation rate, which tracks how many people are actively searching for jobs, declined to 65.9% from 66.1% in June. That’s the lowest it’s been since late 2001, BMO senior economist Benjamin Reitzes noted in a report.
The Bank of Canada, which pays close attention to the labour participation rate, says it will not consider a hike in rates until the economy shows lasting signs of a recovery and employment picks up.
“Soft job growth and modest wage gains will keep the Bank of Canada singing a dovish tune,” Mr. Reitzes said in his report.
The Canadian dollar hit a session low of U.S. 91.20 cents shortly after Statistics Canada released the employment data.
https://business.financialpost.com/20...labour-market/
This is the way this government believes it will keep our economy running strong, by destroying the middle class??
https://business.financialpost.com/...o-7-in-july-as-canadians-leave-labour-market/
You know the old saying.....EVERYONE TOGETHER PLEASE and say it over and over to all your friends and family!!!!!!
Harper's got to go, Harper's got to go,Harper's got to go,Harper's got to go, Harper's got to go,Harper's got to go,Harper's got to go, Harper's got to go,Harper's got to go,Harper's got to go, Harper's got to go,Harper's got to go,Harper's got to go, Harper's got to go,Harper's got to go,
OTTAWA — Trouble in Canada’s anemic labour market continued into July as a paltry 200 jobs were added during the month, falling spectacularly short of estimates.
'Disappointing' July jobs: What the analysts say
“There was a shocking drop in full-time jobs, down almost 60,000. We did see a drop in the unemployment rate, however, that drop only came on the back of the participation rate, so it’s not encouraging at all.
“Overall, it goes in line with what we’ve seen seasonally in the July report, which is that it tends to miss expectations over and over again.
“All in all, it highlights a very disappointing pace of job gains in Canada.”
– Camilla Sutton, chief currency strategist at Scotiabank
Read more
Economists had expected the economy to bounce back from the unexpected 9,400 decline in June by adding around 20,000 new jobs.
Canada’s unemployment rate dropped one-tenth of a point to 7.0% for the month, but that’s only because 35,400 people stopped looking for work.
The participation rate, which tracks how many people are actively searching for jobs, declined to 65.9% from 66.1% in June. That’s the lowest it’s been since late 2001, BMO senior economist Benjamin Reitzes noted in a report.
The Bank of Canada, which pays close attention to the labour participation rate, says it will not consider a hike in rates until the economy shows lasting signs of a recovery and employment picks up.
“Soft job growth and modest wage gains will keep the Bank of Canada singing a dovish tune,” Mr. Reitzes said in his report.
The Canadian dollar hit a session low of U.S. 91.20 cents shortly after Statistics Canada released the employment data.
https://business.financialpost.com/20...labour-market/
This is the way this government believes it will keep our economy running strong, by destroying the middle class??
https://business.financialpost.com/...o-7-in-july-as-canadians-leave-labour-market/
You know the old saying.....EVERYONE TOGETHER PLEASE and say it over and over to all your friends and family!!!!!!
Harper's got to go, Harper's got to go,Harper's got to go,Harper's got to go, Harper's got to go,Harper's got to go,Harper's got to go, Harper's got to go,Harper's got to go,Harper's got to go, Harper's got to go,Harper's got to go,Harper's got to go, Harper's got to go,Harper's got to go,
