The labour market’s stunning rebound of recent months ground to a halt in July, as the economy lost a net 9,300 jobs and the unemployment rate edged back up to 8 per cent, according to data released from Statistics Canada on Friday.
The unexpected drop marks the first decline in employment this year and comes after a near-record increase of more than 93,000 jobs in the previous month. The jobless rate rose unexpectedly from 7.9 per cent in June, when it had fallen below 8 per cent for the first time since early 2009.
In July, employers slashed 139,000 full-time positions while adding almost 130,000 part-time jobs. The full-time losses included drops of more than 65,000 jobs in education services as many teachers, administrators and custodial staff shifted to part-time status at the end of the school year, and about 30,000 in finance, insurance, real estate and leasing, in part because the housing market is cooling across the country.
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The unexpected drop marks the first decline in employment this year and comes after a near-record increase of more than 93,000 jobs in the previous month. The jobless rate rose unexpectedly from 7.9 per cent in June, when it had fallen below 8 per cent for the first time since early 2009.
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C'mon now EA. I asked for Canadian housing bubble charts, not unemployment ones. You just threw the housing crash in the title but no teeth to really back it up. Try a little bit harder.
ReplyDeleteYes I agree with 7:21. As far as Vancouver goes, if a 43% real estate drop-IN ONE MONTH doesn`t grab your attention as well as crack houses going for a million $ + what does? As far as the unemployment figures go, we get the same pack of horseshit lies from the media as well as the feds-it doesn`t fool anybody. They include part time asswipe jobs which don`t amount to a hill of beans. Graphs are too sterile and outdated by the time they are put out. What we are trying to impress upon you guys is that we have the beginnings of housing bubbles up here which is bigger than anything imagined.
ReplyDeleteDear Canucks, So sorry to hear about all that! Come to balmier climes where a loonie can still play a tuney. Visit lovely Detroit where you will always be welcome and houses are cheap and plentiful. Bring lots of money. And a flak-jacket.
ReplyDeleteWhen will you people stand up and start fighting?Do the rich have to take everything including your lives before you start doing something?
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