Bloomberg.com: Canada — It’s interesting how many people seem to be non-essential.Why?
Canada lost a record number of jobs in January, pushing the unemployment rate to a four-year high of 7.2 percent, as companies struggle to cope with the country’s first recession since 1992.
Employers cut a net 129,000 workers, three times the loss forecast by economists, after a drop of 20,400 in December, Statistics Canada said today in Ottawa. It was the largest drop since the methodology for the survey was changed in 1976.
Today’s job losses may undermine the Bank of Canada’s forecast that the economy will recover more quickly than in previous recessions as credit markets and exports rebound.
#19 Lou. Oi! Don’t get me started on Harper. I am impressed by his ability to drive Reformers, PC’ers, Atlantic Canada, and Quebec away from the new Conservative Party. I expect Ontario’s next.
It takes real talent to alienate the center and the right simultaneously.
who finds it interesting that 7.2% in canada is only 129,000 people?
Which would be around >.1% in the usa??
And The USA does not count those NOT on unemployment…which lasts a VERY short time..Those that are looking for work on their OWN..and homeless are not counted.
ALSO Unemployment MEANS you werent FIRED/QUIT..
# 22 ECA said, “ALSO Unemployment MEANS you werent FIRED/QUIT..”
Actually, if quit you aren’t counted unless the reason you quit falls under the “reasonable man” criteria. If you are fired you pretty always qualify.
#23, Cow-Patty,
Actually, if quit you aren’t counted unless the reason you quit falls under the “reasonable man” criteria.
Phuk you are nuts. If you aren’t working and have registered with the government, usually through an Un / Employment Center, you get counted. How you came to be unemployed is irrelevant for the overall number. They only count the bodies that use their facilities.
If you want the truth in the USA, you double the numbers, and you are ALLOT closer.
Also, that was 1 months DUMPED jobs..it dont include the previous 11 months, or 8 years BEFORE.
#22:
“who finds it interesting that 7.2% in canada is only 129,000 people?
Which would be around >.1% in the usa?”
7.2% is the overall unemployment rate, not the number of people laid off in the month of January.
By your logic, the size of the Canadian workforce is only 1.79 M people, which considering its population of ca. 35 M, means a whole lot of people are between the ages of 0 – 16 and 65+. :p
# 24 Mr. Fusion said, “If you aren’t working and have registered with the government, usually through an Un / Employment Center,”
Actually, that’s not the case in all states. In many, if you aren’t eligible for UM you aren’t counted. You are right in thinking that it should work that way.
They are rules that ensure the correct numbers aren’t reported.
#27, Cow-Patty,
The rules are simple. If you have registered with an Unemployment Center or Employment Center, regardless of whether or not you are receiving benefits, you are counted as being unemployed. Those are the rules used by the Department of Labor to tabulate every State’s records.
What are not reported are those who have worked at least some hours, attended school, or did not look for work, even if they are registered and reported as unemployed by the State.
Whatever the “UM” is. Although it is most likely a typo, you will probably have some effed up explanation for it.