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Canadian Economy added 79,000 jobs in November-US sheds 11,000
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by Karl Gotthardt - albertacowpoke | December 4, 2009 at 05:48 am
268 views | 26 Recommendations | 11 comments
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Economists are pleasantly surprised with the job numbers released in Canada this morning. The Canadian economy added 79,000 jobs in November. The unemployment rate lowered by 0.1% is now 8.5%.
The winners in the job market were women who added 51,000 jobs. Male workers over 55 added 17,000 jobs.
Ontario added 27,000 jobs but the unemployment rate still stands at 9.3%. Quebec added 21,000 jobs with the unemployment rate now at 8.1%, while Alberta had its largest increase in jobs since October 2008 adding 13,000 jobs.
U.S. job figures also fared better than expected losing 11,000 jobs.
Canada added 79,000 jobs last month as the country's unemployment rate dipped 0.1 percentage points to 8.5 per cent.
Statistics Canada said Friday that full-time employment increased by 39,000 in November, the third consecutive monthly increase, while part-time employment grew by 40,000, following two months of declines.
The job growth far surpassed the consensus expectations of economists, who had been projecting the creation of 15,000 jobs, and for the unemployment rate to rise to 8.7 per cent.
In October, the country shed 43,200 jobs as the national unemployment rate came in at 8.6 per cent.
Statistics Canada said almost all the job growth last month was attributable to the service sector, which added 73,000 jobs. Within that sector, roughly 38,000 positions were created in educational services.
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Karl Gotthardt - albertacowpoke
Redwater, Alberta, Canada
Recommendations (26)
Susan Marie Kovalinsky
Ledgewood, New Jersey, United States
YankeeJim
Arlington, Virginia, United Statesmarianmo
Mission, Canada
snuffysmith
Washington D.C., D.C., United States
Hugh Askew
Omaha, Nebraska, United Statesa211423
Clearlake, California, United States
Amy Judd
Vancouver, Canada
Most RecentMost Recommended Comments (11)
at 06:06 on December 4th, 2009
good news for canada...but were these good paying jobs or minimum wage jobs
at 06:35 on December 4th, 2009
Canada knows how to live within its means. The US should outsource its banking to Canada.
at 06:57 on December 4th, 2009
Or at least our banking regulations :)
at 07:57 on December 4th, 2009
Thanks for the compliment to my country. It is very much appreciated.
at 07:58 on December 4th, 2009
Canada has the world's biggest sub-prime mortgage market: it's going to blow up in the near future. The Conservative government is creating these jobs with borrowed money. Canada's economy is just as sick as the US.
at 19:40 on December 16th, 2009
I agree, Canada is living off debt, we don't pay our bills just like every other country, we don't have a good health care system, we have no justice system or should I say only the criminals tend to win, our government has no concern for real problems and our media makes sure the real news isn't being reported. Those of us who are in the trenches see how badly this country is being run and we know exactly what's coming. It's going to be a rough ride if we don't smarten up. As long as eyes are closed the harder it will be. Facing the problem and transforming it into the solution is the only way to prevent what's coming.
at 08:01 on December 4th, 2009
Thanks for the vote of confidence Iffy.
at 19:48 on December 16th, 2009
Alberta is he most corrupt province in our country, what's the current homeless count? How many criminals you got running your justice system? only in Alberta do deadbeat fathers collect child support instead of paying it. yup Alberta is something to be proud of. They cause more debt throughout each province through their corrupt justice system. Every other province is paying for the social needs Alberta refuses to up hold. Eventually that will come crashing down on you. Enjoy the break down, I personally can't wait until these problems get solved.
at 10:38 on December 4th, 2009
Congratulations to Canada!
I hope the U.S. will be seeing some improvement by the end of next summer.
at 10:52 on December 5th, 2009
C'mon people, we need much more information than just numbers to properly assess the country's well-being. Devil is in the details. Where else were the jobs created? Service sector jobs means what, $10-$15/hr? That's barely enough to survive on. Is there a fed/prov gov't strategy for productive capacity? Service sector jobs are not long-term strategies for a healthy economy. Do our unemployment numbers include those discouraged from finding work? What is the plan when stimulus money runs out? Another stimulus package? Gee, more taxes and debt on oursevlves and our children, just what we wanted. Etc.. Let's end the blind acceptance of authority figures and ask them the hard questions. We are told little to nothing with these numbers and yet we're expected to just swallow it and pat ourselves on the back? Not me and nor should anyone else if they want this country to flourish.
at 11:08 on December 5th, 2009
No nonsense Jeremy I don.t think anyone is padding themselves in the back here. The Unemployment rate is way too high in Ontario, in fact across the whole country. Statistics Canada punches out numbers based obviously on those on the Unemployment rolls, either waiting for or receiving benefits. The other factor missing here as well is seasonal employment with an increased retail sector leading up to Boxing Day.
The fact that most jobs went to women and males over 55 is telling in itself. The younger generation is the big loser here. We won't really know until the end of January if this is a trend or a blurb.