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Jose Garcia

(2,716 posts)
Fri Dec 6, 2019, 04:01 PM Dec 2019

Canada loses 71,200 jobs in biggest employment drop in decade

Source: Financial Post

Canada’s job market unexpectedly weakened for a second-straight month, registering the biggest drop in employment since 2009 and casting doubt on the resiliency of the domestic outlook.

The economy lost 71,200 jobs in November, Statistics Canada said Friday in Ottawa, following a decline of 1,800 in the prior month. That pares the total number of jobs added this year to around 285,100.

The report missed the median economist forecast for a gain of 10,000 jobs. The unemployment rate increased to 5.9 per cent in the month, from 5.5 per cent in October, the biggest one-month jump since 2009. The decrease in employment was broad-based among both the goods-producing and service-producing sectors.

“Canada’s jobs report is disappointing, showing job losses for the second month in a row,” said Julia Pollak, labor economist at ZipRecruiter, an online employment marketplace. “But observers should remember that the numbers are highly volatile and that this is still the strongest year for job growth in Canada in 17 years.”

Read more: https://business.financialpost.com/news/economy/canadas-economy-loses-71200-jobs/amp?__twitter_impression=true

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Canada loses 71,200 jobs in biggest employment drop in decade (Original Post) Jose Garcia Dec 2019 OP
Not one of those lost jobs will result in the loss of health care. ariadne0614 Dec 2019 #1
That is so true. Wellstone ruled Dec 2019 #2
Did not think of that. Vibes to the people who lost their jobs. applegrove Dec 2019 #4
I still miss Paul Wellstone. n/t ariadne0614 Dec 2019 #7
Lots of great memories Wellstone ruled Dec 2019 #8
+1,000 n/t MarcA Dec 2019 #3
Has Trump tweeted about this already? keithbvadu2 Dec 2019 #5
If the US Adm. was not gaming the data, our situtation might look quite similar... NotHardly Dec 2019 #6

ariadne0614

(1,785 posts)
1. Not one of those lost jobs will result in the loss of health care.
Fri Dec 6, 2019, 04:06 PM
Dec 2019

As the mother of a daughter who lives and works in Toronto, the security of knowing she’s covered, no matter what, is a huge load off my mind and heart.

 

Wellstone ruled

(34,661 posts)
2. That is so true.
Fri Dec 6, 2019, 04:18 PM
Dec 2019

Two major things are happening. One is the collapse of Canada's Alberta Oil Industry,thousands of Jobs erased as well as associated Jobs. And another major factor was the CN Railway strike that just settled last weekend,this one disrupted the whole Nation and shut down most of the Agricultural and Mining Industries.

Watch for a minor recovery in their Job numbers next month.

 

Wellstone ruled

(34,661 posts)
8. Lots of great memories
Fri Dec 6, 2019, 07:45 PM
Dec 2019

of our interactions in Northfield Minnesota through out the nineties. Always with the Grand Kid pictures.

NotHardly

(1,086 posts)
6. If the US Adm. was not gaming the data, our situtation might look quite similar...
Fri Dec 6, 2019, 06:48 PM
Dec 2019
the vast majority of jobs 'created' this last report are low wage, part-time, crap jobs. Not the kind of jobs that build lives, futures, or hope.
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