11-04-2011, 02:27 PM
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#22
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Franchise Player
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Quote:
Originally Posted by Slava
Awesome....I knew that chemgear would find the bad news here for us!
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Well, here I come again!  Just kidding, but here are the numbers for October - this time without the caveats of the seasonal re-hiring of teaching/school staff:
http://www.theglobeandmail.com/repor...rticle2225234/
Canada sees biggest monthly job loss since 2009
The Canadian economy unexpectedly shed 54,000 jobs last month, the most since 2009, a sign faltering business and consumer confidence is slowing the pace of hiring.
All the losses were in full-time positions, Statistics Canada said Friday. The number of full-time workers tumbled by 71,700 in October, with many in manufacturing and construction in central Canada. The country’s jobless rate rose two notches to 7.3 per cent.
The most worrisome sign is that wage growth is slowing, to 1.3 per cent from a year ago, noted Bank of Nova Scotia economists Derek Holt and Karen Cordes Woods. “Swings of tens of thousands in the monthly job count matter far less than the fact that the millions of employed Canadians are just not making wage gains that are keeping up with the cost of filling their grocery carts, fueling their cars and what they’re spending on other staples,” they said.
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