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| Subject: Canadian jobless rate drops, matches lows |
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Canadian jobless rate drops, matches lows hit in 2000 and 1976
http://news.yahoo.com/news?tmpl=story&cid=1526&e=6&u=/afp/20050708/wl_canada_afp/canadaeconomy_050708143858
Fri Jul 8,10:38 AM ET
OTTAWA (AFP) - Unemployment in Canada fell by 0.1 percent in June, matching for the second time in recent years the 6.7 percent benchmark established in 1976, Statistics Canada announced.
Some 14,000 people found jobs in June, bringing the total employment gains during the second quarter of the year to 79,000, three times the previous quarter.
"The unemployment rate edged down to 6.7 percent in June, equalling the lowest rate in almost three decades last set in June 2000," Statistics Canada noted. Previously, this low was reached at the start of 1976.
Gains in full-time employment, up 52,000, most new jobs going to women, were partly offset by 38,000 fewer part-time jobs.
The construction industry bounced back, adding 21,000 jobs while the education sector continued its upward trend (adding 11,000).
Natural resource industries remained constant, but transportation and warehousing reversed gains made during the past six months, losing 19,000 jobs.
Some 15,000 jobs in information, culture and recreation were also lost, mainly in amusement, gambling and recreation, as well as in broadcasting and telecommunications.
[11-07-2005,09:46]
[**.78.67.44]
AJ-Skilled |
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(in reply to: Canadian jobless rate drops, matches lows)
These Stats are very deceiving...
In Summer time there are more jobs... There are construction jobs, there are jobs in the parks, planting trees, take care of the grass and a then they open up amusement parks and stuff...
So in general, summer jobs tend to decrease unemployment... but that is always temporary...
So you cant really trust the Govt stats here...
[11-07-2005,12:47]
[**.30.92.5]
Anonymous |
(in reply to: Canadian jobless rate drops, matches lows)
summer jobs are factored into the index. Bottom line is this... it is the lowest unemployment rate in years. Ramifications for new immigrants - if you have the right skills or are willing to adapt... there is work.
[11-07-2005,13:02]
[***.20.170.23]
sharon |
(in reply to: Canadian jobless rate drops, matches lows)
is that right, those temporary workers gotta take EI after summer seasonal jobs were finished. and then begin next year summer
[11-07-2005,13:57]
[**.66.78.44]
departure bay |
(in reply to: Canadian jobless rate drops, matches lows)
Like Sharon said, seasonal work is factored into the mix. Even if it wasn´t, the stats show the best Summer unemployment rate in 5 years.
Quit complaining!
While working in the oil-patch in Alberta, I met, literally hundreds of people from Newfoundland who work the summer out on the rock, and migrate to Alberta to work in the winter. Many people (I know some) like to work just enough hours to claim EI. They then work under the table during the winter (if they can). Instead of taking minimum wage jobs, they can literally make more on EI. This helps to keep the Canadian Unemployment rate higher than it really should be.
In addition, I know people in Alberta who do the same thing. They make enough over the winter, that many make in a year. Instead of trying to find summer work, they collect EI. They are not really looking for work, but have to appear to be in order to get EI cheques.
What I have found though, is that people who REALLY want to work, and who stop at nothing in order to get work, will find work. Those who file for EI, tend to get cheques, and no work.
THERE IS A CONSTANT, AND CRONIC, LABOUR SHORTAGE PROBLEM IN ALBERTA AND THE OIL FIELDS!
Dave
[11-07-2005,14:26]
[***.116.148.101]
dave |
(in reply to: Canadian jobless rate drops, matches lows)
Hi just my thoughts....I believe anywhere in the world there is a shortage of jobs or at least a shortage of jobs that we desire...it´s all about our choice...which country do we want to go look for a job... =)
[11-07-2005,15:07]
[**.39.44.102]
Joe05 |
(in reply to: Canadian jobless rate drops, matches lows)
I read about the low unemployment rate yesterday in the globe and mail online. They also mention the sections that have created new jobs, howewer they report that
"June?s decline in the jobless rate has more to do with a drop in the rate of labour force participation than with employment gains, said Warren Lovely, an economist at CIBC World Markets Inc.
"The half point shaved off the unemployment rate during the past 12 month is entirely due to a declining part. rate," he wrote in a research note. "In other words, had participation rates held at year-earlier levels, today?s jobless rate would be no better (or even a little higher) than where it stood last summer.""
They don?t explain why the participation rate had fallen.
In that article it was very interesting to read about the unemployment rates of the different provinces:
Newfoundland: 13,9 %
Prince Edward Island: 11,9 %
New Brunswick: 9,7 %
Nova Scotia: 8,6 %
Quebec: 8,0 %
Ontario: 6,7 %
British Columbia: 5,8 %
Manitoba: 4,8 %
Saskatchewan: 4,8 %
Alberta: 3,8 %
So you?re definitely right with Alberta.
Despite all this statistics I guess most immigrants don?t go to the place offering the highest rate of jobs and oil, they go to places where they have got a cousin, uncle, brother or friend ...
[11-07-2005,19:35]
[**.153.159.79]
elli |
(in reply to: Canadian jobless rate drops, matches lows)
Elli,
I´ll bet you a thousand bucks that the 3.8% in Alberta is primarily made up of people who are claiming to be unemployed (meaning, you have no job, and are looking for one... retired people, homemakers, self employed, trust fund rich kids do not figure in the unemployement) so they can collect EI.
I worked as a seismic drillers helper in Alberta. The driller I worked with makes about $50,000 working 6 months of the year (no high school diploma required). For 4 of these months, you are working 12 hour days, 7 days a week, all month, in temperatures down to -40C. By spring break up in March (too muddy to look for oil... the machines sink in the swamps and mud) this guy is not looking to work for many months, and just looking to recover from a hard winter. Even though he has no interest in working, he can get his ROE papers saying that he was laid off due to lack of work, go to the EI office, pretend he is looking for work, and collect EI until the drilling work starts again in October. Therefore, he would figure into the unemployement stats, even though he is not really looking for work.
There are literally thousands of theses examples in Alberta.
Trust me, there are many business owners in Calgary who cannot keep employees in the winter because they head up north to get big money, nor can they get employees in the summer, because the winter workers have already made enough money and would rather collect EI. They literally are beggin for employees, while in Ontario, the business owners have their employees by the short and currlies, because there are about 100 people who will take your job at any given time.
Not only is the oil sector booming, but so are Alberta cities. All this, with a labour shortage. It is the best place to be in Canada if you want to work and make money and not pay PST. Alberta is the ONLY province in Canada that has NO DEBT. Oil is hitting $60 US per barrel. The Fort McMurray Oil Sands are NOW economically feasible... this is the second largest deposit of oil on the planet. Chinese and American companies are investing in the large projects there (not to mention Canadian companies, with some federal handouts). Production is set to quadruple in the next 20 years. Oil supply can not meet up with world demand. Alberta represents a source of oil that is:
1. Not prone to natural desasters
2. Not prone to terrorist attacks
3. Safe and secure ability to export to the US.
4. Not prone to "embargos" against the US (Canada would effectively kill itself by doing this anyway)
Not only the oil sands, but the province is still has normal oil, natural gas, and coal deposits all over 90% of the province.
The work that revolves around this is HUGE
1. Primary. Exploration. Line cutting, Seismic Drilling, Seismic wire laying, Seismic Studies.
2. Well Drilling
3. Well Servicing
4. Pumping and pipleing
5. Refineries
And the spinoffs from this oil money go to boost every section of the service industry. People in Alberta don´t eat their big paycheques... they spend them.
Or, you could go to Toronto and deliver pizzas, pay too much tax, too much rent, and go insane in traffic all day. Then tell everyone how Canada sucks!
Dave
[11-07-2005,20:33]
[***.116.148.101]
dave |
(in reply to: Canadian jobless rate drops, matches lows)
So Dave, what does it take to land one of these jobs? Are there physical exam requirements such as eye tests, etc. that must be met? Is there any training that must be done? Do you have to be under a certain age? Is it incredibly dangerous work?
Heck, I?ve got a huge student loan to deal with when I return with my wife in September. It sure would be nice to kill it off within a year.
[12-07-2005,02:15]
[***.96.184.27]
Mike |
(in reply to: Canadian jobless rate drops, matches lows)
I am glad the article generated so much debate. I don´t live in Canada (I will in the future I hope), but it seems to me a low unemployment rate indicates a very good economy.
[12-07-2005,07:05]
[**.78.67.44]
AJ-Skilled |
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