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fiveeagles
Joined: 19 May 2005
Location: Vancouver
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mindmetoo
Joined: 02 Feb 2004
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 Posted: Sun Oct 12, 2008 3:30 am Post subject: Re: Canadian economy creates 107,000 jobs in September |
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| fiveeagles wrote: |
http://www.reuters.com/article/economicNews/idUSN1036508020081010
Vote Conservatives! |
Why? It seems the liberals did just as well when they were in power. And correct me if I'm wrong the conservatives, being a minority, didn't actually do this alone without all party assent. So vote minority government should be your logic. Ah, asking your to think logically, ex engineer. *smirk* |
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Ilsanman
Joined: 15 Aug 2003
Location: Bucheon, Korea
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| Posted: Sun Oct 12, 2008 5:59 am Post subject: |
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Harper's campaign of saying Dion is not a leader is correct. I don't want that guy leading my country. He can barely speak English.
Harper has done well. I don't agree with every decision of his, but I like his track record for the most part. I say we give him a majority and see what he can do. |
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mises
Joined: 05 Nov 2007
Location: retired
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| Posted: Sun Oct 12, 2008 7:30 am Post subject: |
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| 90% were part-time and 1/3 temp. |
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mises
Joined: 05 Nov 2007
Location: retired
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| Posted: Sun Oct 12, 2008 8:13 am Post subject: |
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http://www.thestar.com/article/515916
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Record number of jobs created in September
'Seems like everyone has a paper route these days,' economist says
OTTAWA�Prime Minister Stephen Harper leapt on the news that Canada created a record 107,000 new jobs last month as evidence his government has the right policies for the economy.
The massive number � the largest since Statistics Canada began tabulating labour statistics in this manner in 1976 � shocked economists who had been forecasting a modest pick-up in the 12,500 range.
"When I say that notwithstanding the challenges our fundamentals are strong, let me repeat we've had GDP (gross domestic product) numbers up dramatically, we've had employment numbers up dramatically," Harper told a rally in Brantford, Ont.
However 90 per cent of last month's new jobs � 97,000 � were part-time, and the official unemployment rate remained at 6.1 per cent because more Canadians were looking for work.
"It seems like everyone has a paper route these days," commented CIBC World Markets economist Avery Shenfeld. "How else to explain how Canada created 97,000 part-time jobs in a single month, during a period of severe economic strain across the country?"
The Canadian Labour Congress said the "low-quality" new jobs offer "an omen of tough economic times."
But Finance Minister Jim Flaherty said the numbers show the government has handled the economy properly, including by cutting taxes last October to stimulate activity.
He noted that the International Monetary Fund predicts Canada will top the G7 in growth next year with a modest 1.2 per cent advance.
With most economists judging the economy is in or near a recession, the September job increase may be seen as a correction of the 55,000 lost jobs in July, which also threw economists for a loop.
BMO Capital Markets economist Douglas Porter noted the latest numbers come from a survey in mid-September, "just as financial turmoil began to gather serious momentum," and may already be old news. But they show the domestic economy "carried much firmer momentum heading into the storm than many other nations."
Statistics Canada concedes the survey of 53,000 households has an error factor of plus or minus 43,500 jobs from the 107,000 number, 90 per cent of the time. |
With oil approaching 60-70$ the oil sands will slow dramatically, and investment is already drying up - on a massive scale. Auto demand is way down and Ont is going to see manufacturing employment decrease. This will be a severe recession in Canada, though likely not as bad as the US, Spain, Ireland, UK, Iceland, Singapore, ROK and others. |
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Bagpipes11
Joined: 10 Nov 2006
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| Posted: Sun Oct 12, 2008 2:38 pm Post subject: |
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Like it was already mentioned. 90% of those jobs are part time (McJobs) and 1 out of 3 are temporary jobs...which are probably people hired at Polling stations across the country who are working for the day. This happens every election, look it up.
Vote strategically and get Lego hair out of power. |
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