Quote:
Originally Posted by Slava
Awesome....I knew that chemgear would find the bad news here for us!
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Heh, actually the Financial Post article was the first one I read this morning. I was thinking it was kinda silly to have what would essentially be a large drop in employment in the summer only to gain it all back in September. I don't think it's bad news - just how the numbers fall.
EDIT: Having a chance to read it through, the original article link from Azure mentions the caveats as well:
One caveat is that 38,400 of the new September jobs were in education, as teachers and assistants returned to work after summer layoffs. Statscan adjusts for seasonal factors - the unadjusted job growth in education was 242,000 in September - but says there has not been enough of a pattern in this sector to eliminate all summer fluctuations.
Besides the education distortions, they pointed to a rise of 38,900 in self-employment, which they described as soft, and among actual employees, private sector jobs fell by 14,900.