Quote:
Originally Posted by Ozy_Flame
My former company gave bonuses earlier this year. Not to everybody but some folks who worked hard and performed well. I know a few more tech companies that did quite well this past 12 months too.
Shall we continue the hyperbole that the whole private sector is suffering, or can we at least just isolated it into a relative argument for the O/G industry?
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Yes agreed. Total Hyperbole. Are you living in a cave?
Tuesday’s fiscal update also shows the economy is now forecast to shrink by 2.7 per cent in 2016, following a contraction of 3.7 per cent in 2015 — which government officials said was the worst two-year contraction on record, and worse than the brutal recession of 1982-83.
http://business.financialpost.com/ne..._lsa=6fd7-0536
"Alberta’s economy is headed for the largest two-year contraction on record, as private sector investment continues to fall, by a projected 16 per cent this year, and the government’s deficit balloons to almost $10.9 billion.
Most of the new jobs in Alberta in the last 12 months have been in health care, social assistance and education. Despite those gains, 49,100 net jobs were lost between July 2015 and the end of last month, the fiscal update shows.
In the last year, 29,000 jobs have been lost in forestry, mining and oil and gas; 28,800 jobs have been lost in manufacturing; and 11,000 jobs have been lost in construction "