freebuddy Posted December 7, 2014 Share Posted December 7, 2014 Canada lost 10,000 jobs in November Monthly numbers released by StatsCan in line with economists' expectatons Dec 05, 2014 8:51 PM ET CBC News After two straight months of large gains, Canada's economy lost more than 10,000 jobs last month and the unemployment rate inched up to 6.6 per cent. Statistics Canada reported Friday that there were 10,700 fewer jobs in November than there were a month earlier. The economy actually added more than 5,000 full-time jobs, but that was offset by a decline of 16,000 part-time positions. The loonie dropped to its lowest level in more than five years on the weak showing, trading hands at 87.48 cents US at the close. Earlier, it briefly touched as low as 87.21 cents US. That's the lowest it's been since July 2009, when the Canadian economy was starting to come out of recession. Scotiabank's economics team struck a cautious tone on the weak jobs showing. "There are roughly 3.5 million part-time workers in Canada and about 305,000 of those are involuntarily part-time, so any switch away from part-time to full-time work can be a sign of a healthier labour market," the bank said. Across the country, employment declined in Ontario, which lost 34,000 jobs, and Saskatchewan, while it increased in Quebec as well as Newfoundland and Labrador. Quebec posted the biggest monthly gain, adding more than 19,000 new jobs the first time in the more than six months that the province has shown any jobs growth. By sector, retail was the hardest hit, shedding 42,000 jobs. Meanwhile, the agricultural sector added 8,000 jobs during the month. Goods-producing sectors added 17,000 jobs, Scotiabank noted, while service-production jobs were the big dampener, losing 28,000 positions. Although a weak showing, the monthly numbers were pretty much in line with what economists had been expecting a small decline in the number of jobs after two big months, and a slight uptick in the jobless rate. "This seems like a natural pullback following substantial employment gains in September and October," Scotiabank said. "Given the volatility that weve seen in recent releases, we caution against drawing too many conclusions on this one data point." "You have to put the weak Canadian report into perspective," the bank's currency strategist Camilla Sutton told Bloomberg. "Weve had two months of significant job gains, and one month doesnt reverse that."http://www.cbc.ca/m/news/business/canada-lost-10-000-jobs-in-november-1.2861560 Recovery gains steam as nation adds more than 300,000 jobs in November; unemployment rate holds at 5.8% By CRAIN'S CLEVELAND BUSINESS Originally Published: December 05, 2014 8:55 AM The U.S. economy added 321,000 jobs in November the highest monthly gain in nearly three years and the unemployment rate was unchanged at 5.8%, the U.S. Bureau of Labor Statistics reported on Friday morning, Dec. 5. Job gains were widespread, led by growth in professional and business services, retail trade, health care and manufacturing, according to the government. The previous two months also looked better with revisions. BLS said the change in total nonfarm payroll employment for September was revised from +256,000 to +271,000, and the change for October was revised from +214,000 to +243,000. With the revisions, employment gains in September and October combined were 44,000 more than previously reported, according to BLS. Over the last year, the unemployment rate has fallen to 5.8% from 7%, and the number of people unemployed has dropped to 9.1 million from 10.8 million, the BLS data show. The November gain of 321,000 jobs was dramatically higher than the average monthly gain of 224,000 jobs over the prior 12 months. Employment in professional and business services increased by 86,000 in November, compared with an average gain of 57,000 per month over the prior 12 months. Retail trade employment rose by 50,000 in November, compared with an average gain of 22,000 per month over the prior 12 months. Health care added 29,000 jobs over the month, while manufacturing added 28,000 jobs and financial activities added 20,000 jobs in November. BLS said average hourly earnings for all employees on private nonfarm payrolls rose by 9 cents to $24.66 in November. Over the year, average hourly earnings have risen by 2.1%.http://www.crainscleveland.com/article/20141205/FREE/141209877/recovery-gains-steam-as-nation-adds-more-than-300000-jobs-in?X-IgnoreUserAgent=1 Link to comment Share on other sites More sharing options...
-AJ- Posted December 7, 2014 Share Posted December 7, 2014 Considering the States have 10x the population, Obama's gains in relative terms are 10x less, so closer to 30K gain vs 10K loss given roughly equal populations. Link to comment Share on other sites More sharing options...
Armada Posted December 7, 2014 Share Posted December 7, 2014 Trudeau Link to comment Share on other sites More sharing options...
BeefcakeBo Posted December 7, 2014 Share Posted December 7, 2014 I'm not even sure you read the articles freebuddy. The sources mentioned here (Scotiabank) even point out that the previous months In Canada have had substantial gains and so this one month of losses shouldn't be focused on as it likely an anomaly. Collectively the amount of jobs have been far into the positive range the last several months, where as the states have good looking numbers this one month, even though they have been terrible all year. Link to comment Share on other sites More sharing options...
Warhippy Posted December 7, 2014 Share Posted December 7, 2014 Canada 47 MILLION America 383 MILLION Gee ya think? Harper himself doesn't create jobs, he just manages a country. POORLY Obama himself doesn't create jobs, he just pretends to manage a country POORLY Seriously, freebuddy is starting to sound very synonymous with far left quack. And this is from a guy who used to be a right of center individual and now sits center left. You're everything wrong with the left these days much like Harper is everything wrong with the right. Link to comment Share on other sites More sharing options...
Warhippy Posted December 7, 2014 Share Posted December 7, 2014 I'm not even sure you read the articles freebuddy. The sources mentioned here (Scotiabank) even point out that the previous months In Canada have had substantial gains and so this one month of losses shouldn't be focused on as it likely an anomaly. Collectively the amount of jobs have been far into the positive range the last several months, where as the states have good looking numbers this one month, even though they have been terrible all year. He doesn't read them, he posts them via copy and paste and then claims that he is adding his OWN thoughts ideas and arguments to the discussions, all without ever once writing anything on his own except the defense of his copy and paste skills Link to comment Share on other sites More sharing options...
Electro Rock Posted December 7, 2014 Share Posted December 7, 2014 I'll bet any "gains" made by Obama at this point are by way of manipulated figures and/or job creation spurred by money borrowed from James T Kirk's generation. Link to comment Share on other sites More sharing options...
Jester13 Posted December 7, 2014 Share Posted December 7, 2014 Trudeau I second this. Link to comment Share on other sites More sharing options...
Jägermeister Posted December 7, 2014 Share Posted December 7, 2014 Link to comment Share on other sites More sharing options...
elvis15 Posted December 7, 2014 Share Posted December 7, 2014 Considering the States have 10x the population, Obama's gains in relative terms are 10x less, so closer to 30K gain vs 10K loss given roughly equal populations. I'm not even sure you read the articles freebuddy. The sources mentioned here (Scotiabank) even point out that the previous months In Canada have had substantial gains and so this one month of losses shouldn't be focused on as it likely an anomaly. Collectively the amount of jobs have been far into the positive range the last several months, where as the states have good looking numbers this one month, even though they have been terrible all year. Not to mention the point about the loss of those part time jobs being offset by a fair number of full time jobs, which may be a sign of a healthier economy. Quit trolling with misleading titles and no substance of your own apart from the copy/paste of articles. /thread Link to comment Share on other sites More sharing options...
William_Clarkson Posted December 7, 2014 Share Posted December 7, 2014 Why is it everything you post either copy and pasted (which you never seem to truly comprehend) or you ignoring anything else stated and only going back to the thing you copied? Link to comment Share on other sites More sharing options...
Lancaster Posted December 8, 2014 Share Posted December 8, 2014 Break down the actual numbers. Amount of people in the workforce, those no longer included in the job rates, the types of jobs being lost and the types of jobs created, etc.... the USA is doing way way way worse than Canada. Link to comment Share on other sites More sharing options...
freebuddy Posted December 8, 2014 Author Share Posted December 8, 2014 I'm not even sure you read the articles freebuddy. The sources mentioned here (Scotiabank) even point out that the previous months In Canada have had substantial gains and so this one month of losses shouldn't be focused on as it likely an anomaly. Collectively the amount of jobs have been far into the positive range the last several months, where as the states have good looking numbers this one month, even though they have been terrible all year. Oh have they? Not according to Forbes magazine: http://www.forbes.com/sites/adamhartung/2014/09/05/obama-outperforms-reagan-on-jobs-growth-and-investing/ Link to comment Share on other sites More sharing options...
freebuddy Posted December 8, 2014 Author Share Posted December 8, 2014 Canada 47 MILLION America 383 MILLION Gee ya think? Harper himself doesn't create jobs, he just manages a country. POORLY Obama himself doesn't create jobs, he just pretends to manage a country POORLY Seriously, freebuddy is starting to sound very synonymous with far left quack. And this is from a guy who used to be a right of center individual and now sits center left. You're everything wrong with the left these days much like Harper is everything wrong with the right. Sorry to disappoint you, guess you should swing hard right and make yourself feel better. Link to comment Share on other sites More sharing options...
freebuddy Posted December 8, 2014 Author Share Posted December 8, 2014 Not to mention the point about the loss of those part time jobs being offset by a fair number of full time jobs, which may be a sign of a healthier economy. Quit trolling with misleading titles and no substance of your own apart from the copy/paste of articles. /thread Where did you get your "substance" from, out of thin air? Link to comment Share on other sites More sharing options...
Rick Grimes Posted December 8, 2014 Share Posted December 8, 2014 Link to comment Share on other sites More sharing options...
nuckin_futz Posted December 8, 2014 Share Posted December 8, 2014 Oh have they? Not according to Forbes magazine:http://www.forbes.com/sites/adamhartung/2014/09/05/obama-outperforms-reagan-on-jobs-growth-and-investing/ This article you posted is quite possibly the most disingenuous tripe I have ever read. The author should be ashamed of himself for attempting to pass this off as journalism and so should you for spreading this manure across this forum. Attempting to compare the economic growth under Reagan to Obama and failing to mention at any point the massive unprecedented stimulus is an absolute joke. In fact, it's lying by omission. I have never seen so much cherry picking of stats in an attempt to prove one's argument. It's sad that journalism has fallen to these levels. "Hey look at all the jobs being created, wooohooo". Let's not mention that you need 130,000+ per month just to keep up with population growth. Doesn't look so impressive now does it? As for his nonsense regarding the Labor Participation Rate. Only a complete numty would interpret the chart in that fashion. It doesn't show that at all. What it shows is under the Obama administration that Labor Force Participation has gone off a cliff. "Hey if you expand the time frame back long enough this is completely normal" Sadly, the real world does not work this way. Failing to mention the fact that interest rates have been near zero for the bulk of the Obama presidency is so dishonest it boggles the mind. Failing to mention the trillions of dollars in stimulus is dishonest. This isn't just free money, it's debt. Failing to mention the bulk of jobs being "created" are lower paying service sector jobs while thumping his chest at a small uptick in manufacturing is dishonest. Failing to mention changing the rules so people can collect unemployment for 100+ weeks is dishonest. That's 2 years for Christ Sake. Implying the stock market has performed better under Obama than Reagan nearly made me projectile vomit all over my screen. No need to mention the stimulus/debt that's driven that increase. Let's just pretend QE forever had nothing to do with it. Passing off the so called growth as the result of sound economic policy is downright shameful. Let's just pretend it's organic growth. What kind of fool believes this idiocy? I guess we all know the answer to that don't we freebuddy? Link to comment Share on other sites More sharing options...
Mr.Habitat Posted December 8, 2014 Share Posted December 8, 2014 Lol.. Why didn't he post the last two months about the gains? Link to comment Share on other sites More sharing options...
Warhippy Posted December 8, 2014 Share Posted December 8, 2014 Sorry to disappoint you, guess you should swing hard right and make yourself feel better. Great rebuttal full of original ideas quotes and arguments 10 of 10 would read again in awe PS Those pathetic attacks about political leaning are indicative of right leaning individuals. Where did you get your "substance" from, out of thin air? His statement was a thought out original piece Where as yours tend to carry about as much original content or "substance" as a tampon in a bloodbank, which is to say flimsy not worth looking at and easily degradeable Link to comment Share on other sites More sharing options...
Warhippy Posted December 8, 2014 Share Posted December 8, 2014 This article you posted is quite possibly the most disingenuous tripe I have ever read. The author should be ashamed of himself for attempting to pass this off as journalism and so should you for spreading this manure across this forum. Attempting to compare the economic growth under Reagan to Obama and failing to mention at any point the massive unprecedented stimulus is an absolute joke. In fact, it's lying by omission. I have never seen so much cherry picking of stats in an attempt to prove one's argument. It's sad that journalism has fallen to these levels. "Hey look at all the jobs being created, wooohooo". Let's not mention that you need 130,000+ per month just to keep up with population growth. Doesn't look so impressive now does it? As for his nonsense regarding the Labor Participation Rate. Only a complete numty would interpret the chart in that fashion. It doesn't show that at all. What it shows is under the Obama administration that Labor Force Participation has gone off a cliff. "Hey if you expand the time frame back long enough this is completely normal" Sadly, the real world does not work this way. Failing to mention the fact that interest rates have been near zero for the bulk of the Obama presidency is so dishonest it boggles the mind. Failing to mention the trillions of dollars in stimulus is dishonest. This isn't just free money, it's debt. Failing to mention the bulk of jobs being "created" are lower paying service sector jobs while thumping his chest at a small uptick in manufacturing is dishonest. Failing to mention changing the rules so people can collect unemployment for 100+ weeks is dishonest. That's 2 years for Christ Sake. Implying the stock market has performed better under Obama than Reagan nearly made me projectile vomit all over my screen. No need to mention the stimulus/debt that's driven that increase. Let's just pretend QE forever had nothing to do with it. Passing off the so called growth as the result of sound economic policy is downright shameful. Let's just pretend it's organic growth. What kind of fool believes this idiocy? I guess we all know the answer to that don't we freebuddy? Hold on, he is currently browsing the internet for an original and well thought out piece he created himself with his copy and paste wizard friend. By the way man, +1 for Numty alone Link to comment Share on other sites More sharing options...
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