The job numbers are out, and I thought that I would throw this out there before credit for the increase of 12 000 jobs is taken and shown as something that it is not.
Quote:
Note, too, that the net figure of 12,000 masks the fact that 62,000 full-time jobs were lost, eclipsed by the rise of 74,000 part-time positions. Yet again, those hefty numbers have raised questions about the Statistics Canada survey.
“Probably the single truest measure in this report is the slow upward grind in the unemployment rate - with the economy only managing to grow about 1 per cent in real terms over the past year, it’s no shock that the jobless rate is nudging higher (sprinting higher, in the case of hard-hit Alberta,” said BMO chief economist Douglas Porter.
Alberta’s jobless rate, for the record, now stands at 6.5 per cent, up from 6 per cent in August.
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http://www.theglobeandmail.com/repor...ticle26717854/
Just to be clear, that is over 20 000 new jobless people in Alberta just in the month of September, not including movement to part time positions. The reason for my putting this here, is that is too close to the election for us not to see spin on this somewhere, and this gives a clearer understanding of what a 12 000 person increase in jobs across Canada actually means.