Rates going down to 2 percent again bulls in shambles.
Glacial_Shield_W on
Ideal targets for unemploymeny in a stable society is 1.8-2%. Government jobs have increased around 17% in the last 5 years; government jobs do not help economic growth, unless they are being used to help increase the speed that other things, such as approvals and road building are done; these things have slowed down. Considering only 47k new jobs were added and there are an estimated 42k new immigrants per month, without considering people from Canada entering working age, this growth is minute, especially for one month and not consistently. 20% of our population is permanent resident status, and that is ignoring first generation citizenship. Are our skilled labour jobs increasing to accomodate this, or is it the full time ‘slave labour’ the UN has described?
This also ignores that our actual employment rate sits at around 62.4%; so a third of our population in the age range able to work, don’t work. That is 31.1% of the population not considered in this statistic. Some reasons are valid, some are highly questionable. And, yes, that should set off alarm bells of concern, because no one can live for free, so something is paying for that 31.1%.
It’s good we have added jobs and that unemployment is decreasing. But, the whole story presents a still alarming picture; and baby steps occurring once every few months is not going to solve anything.
This also ignores whether these are minimum wage jobs. I also still would like to know if one person working two part time jobs, or one full time job and one part time job, counts once or twice. Because I know many people working two jobs. I genuinely don’t know how that is considered.
nubcakester on
Unemployment rate down, cheap labour and gig work up, basically, this number is a bit deceitful.
VinylGuy97 on
Still can’t afford a house
Strong_Payment7359 on
nearly 100% of the wage increase metrics came from government positions. Nearly every other sector reported flat or declined wages, along with a lower GDP per capita. More people driving Uber now. They also don’t include people who have been searching for more than a certain period, they exclude a huge number of people who don’t have jobs from the unemployment stats.
5 Comments
Rates going down to 2 percent again bulls in shambles.
Ideal targets for unemploymeny in a stable society is 1.8-2%. Government jobs have increased around 17% in the last 5 years; government jobs do not help economic growth, unless they are being used to help increase the speed that other things, such as approvals and road building are done; these things have slowed down. Considering only 47k new jobs were added and there are an estimated 42k new immigrants per month, without considering people from Canada entering working age, this growth is minute, especially for one month and not consistently. 20% of our population is permanent resident status, and that is ignoring first generation citizenship. Are our skilled labour jobs increasing to accomodate this, or is it the full time ‘slave labour’ the UN has described?
This also ignores that our actual employment rate sits at around 62.4%; so a third of our population in the age range able to work, don’t work. That is 31.1% of the population not considered in this statistic. Some reasons are valid, some are highly questionable. And, yes, that should set off alarm bells of concern, because no one can live for free, so something is paying for that 31.1%.
It’s good we have added jobs and that unemployment is decreasing. But, the whole story presents a still alarming picture; and baby steps occurring once every few months is not going to solve anything.
This also ignores whether these are minimum wage jobs. I also still would like to know if one person working two part time jobs, or one full time job and one part time job, counts once or twice. Because I know many people working two jobs. I genuinely don’t know how that is considered.
Unemployment rate down, cheap labour and gig work up, basically, this number is a bit deceitful.
Still can’t afford a house
nearly 100% of the wage increase metrics came from government positions. Nearly every other sector reported flat or declined wages, along with a lower GDP per capita. More people driving Uber now. They also don’t include people who have been searching for more than a certain period, they exclude a huge number of people who don’t have jobs from the unemployment stats.