Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - Stunning job growth in Canada during September

chemgear · 10-07-2011, 11:13 AM

Or perhaps not: Why Canada’s job report is misleading

http://business.financialpost.com/20...is-misleading/

The education sector added 38,400 jobs, despite there being no sudden surge in teacher hiring and related workers. The sharp increase in this sector was the result of the re-hiring of the contractual workers who are laid-off at the end of the school year and re-hired when the new one starts.

Self-employment also climbed 38,900, which seems to warrant some skepticism given the volatility of this component and its tendency to report a pick-up in self-reporting during soft spots in the economy. As a result, the economist doubt that self-employment’s significant role in raising the headline number is with substance.

But the figure that causes perhaps the most concern is the 0.3% decline in hours worked.

On top of the drop in hours worked, wage growth decelerated yet again. So while lower commodity prices may help consumers, falling wage growth is offsetting this, they warned.

“Paycheques are far more pressured than the headline jobs number would lead you to believe.”

10-07-2011, 11:13 AM	#3
chemgear Franchise Player Join Date: Feb 2010 Exp:	Or perhaps not: Why Canada’s job report is misleading http://business.financialpost.com/20...is-misleading/ The education sector added 38,400 jobs, despite there being no sudden surge in teacher hiring and related workers. The sharp increase in this sector was the result of the re-hiring of the contractual workers who are laid-off at the end of the school year and re-hired when the new one starts. Self-employment also climbed 38,900, which seems to warrant some skepticism given the volatility of this component and its tendency to report a pick-up in self-reporting during soft spots in the economy. As a result, the economist doubt that self-employment’s significant role in raising the headline number is with substance. But the figure that causes perhaps the most concern is the 0.3% decline in hours worked. On top of the drop in hours worked, wage growth decelerated yet again. So while lower commodity prices may help consumers, falling wage growth is offsetting this, they warned. “Paycheques are far more pressured than the headline jobs number would lead you to believe.”