Posted on 09/04/2009 11:03:44 AM PDT by PittsburghAfterDark
TORONTO (AP) -- Canada added a better-than-expected 27,100 jobs in August, one of the biggest gains since the recession began in the country last fall.
But according to Statistics Canada all of the jobs are part-time.
The agency said Friday that Canada's unemployment rate edged up to 8.7 percent from 8.6 percent in July, as more Canadians began looking for work.
Still, the addition of 27,100 jobs is well above the previous month's 45,000 job retreat. The result also beat consensus expectations of a 15,000 job loss month.
The U.S.-equivalent based on labor market size would be 271,000 jobs gained. The U.S. labor market is about 10 times the size of Canada's.
(Excerpt) Read more at finance.yahoo.com ...
Remember everyone... HOPEY CHANGEY!
How do you ADD jobs, but the unemployment rate still goes up? That many people and more entered the workforce?
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Under the rules in some US states, you're allowed to work part-time and still collect partial unemployment insurance. If Canada's rules are similar, and s the article says those jobs are part-time, you could have 27,000 jobs that take far fewer than 27,000 people off the unemployment rolls.
In other news snow shovel sales are up approximately 27k from last month with a corresponding increase in driveway cleaning services...
Ontario is getting rammed up against the wall with unemployment. There was a job fair at Sobey’s supermarket chain not long ago, and over 2000 resumes for 150 positions were received. At a Wendy’s in St. Catharines, over 1500 resumes for 50 positions.
Aren’t liberal utopias just the cat’s ass for North America?
(yes, Ontario is liberal)
Well who do you think Obams hired to process all the Cash for Clunkers applications???
bump
I really don’t like the way they keep these statistics. I think a job that only provides an average of 20 hrs a week of employment should only be considered half of a job for the purposes of the statistics. Because that’s what we’re looking at here - unemployed people taking whatever jobs they can get, maybe stringing together full employment out of several (typically not well-paying) part-time jobs. Better than begging in the streets (unless you’re one of those professional street beggars, I guess), but no substitute for a decent-paying full time job.
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