REPORT: Canada Lost Over 39,000 Full-Time Jobs Last Month

16,500 manufacturing jobs were lost.

The Canadian economy created just over 15,000 net new jobs in February, but a closer look at the numbers shows things aren’t as good as that initial figure suggests.

While 54,700 part-time jobs were created, 39,000 full-time jobs were lost.

Additionally, much of the job creation last month was in the public-sector, with those positions increasing by 50,300.

That is a concern, because while governments at various levels can temporarily increase employment through the public sector, it is less financially sustainable, particularly when many governments are already running large budget deficits.

The unemployment rate dropped from 5.9% to 5.8%, though it’s important to note that the rate doesn’t include people who have given up looking for work entirely.

The February jobs numbers weren’t quite as bad as the horrendous January jobs report, where the country lost a net 88,000 jobs – the worst jobs report since the 2008/2009 financial crisis and recession.

25,000 jobs were added in the service industry, while 16,500 manufacturing jobs were lost.

This report is the latest in a growing list of evidence showing the Canadian economy is slowing down and entering a period of weak and stagnant growth.

By contrast, the US is seeing strong growth in the wake of tax reductions, as they added 313,000 jobs last month, bringing their unemployment rate to 4.1%.

Unfortunately, the 2018 Trudeau budget was filled with virtue-signalling instead of plans for increasing our economic competitiveness. While the US reduces taxes, the Trudeau government is hitting our consumers and businesses with a carbon tax and billions of dollars in investment is fleeing our country.

Spencer Fernando

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PAUL S. LAMWendy LushSherryWendy RobertsSean Short Recent comment authors
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Darrin
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Darrin

So many issues (sigh) but the feds and provinces could start by lubricating the economy by allowing free trade and free movement of labour across the country, not gum it up with public-sector employees.

Sean Short
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Sean Short

Mr. Fernando; I admire your work and my follow up research always corroborates your opinions. I would ask you publish your research and offer links as I would like to use it as a research source in itself. It often, as in this case takes me an hour or more to redo the research going to government websites etc. Thank-you. I have no confidence in Trudeau do you?

Wendy Roberts
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Wendy Roberts

Just hope all those people who got pair time jobs can feed their family, no pension, on benefits, what else can we expect from Trudeau

Sherry
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Sherry

Also, Wynne has introduced Guaranteed Badic Income in some Cities. So while people are no longer collecting EI, they may be getting this supplement.
https://www.google.ca/url?sa=t&source=web&rct=j&url=https://www.ontario.ca/page/ontario-basic-income-pilot&ved=2ahUKEwico635-t_ZAhUo54MKHdqEAggQFjAAegQIBxAB&usg=AOvVaw3IdeSdr8QPwgwrb1epe3BC

Wendy Lush
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Wendy Lush

In theory, Guaranteed Basic Income can work in an insulated country, such as Iceland or Japan. But in Justin Trudeau’s “come-one-come-all” Fantasy Utopia, inviting the world’s masses to infringe our borders, the economy would crash.

Wendy Lush
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Wendy Lush

Meanwhile in the USA the economy is going gangbusters..

“February Jobs Report Comes in Huge: 313,000 Jobs Added”
http://www.breitbart.com/economics/2018/03/09/february-jobs-report-2/

Wendy Lush
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Wendy Lush

In theory, Guaranteed Basic Income can work in an insulated country, such as Iceland or Japan. But in Justin Trudeau’s “come-one-come-all” Fantasy Utopia, inviting the world’s masses to infringe our borders, the economy would crash.

PAUL S. LAM
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PAUL S. LAM

SPENCER FERNANDO, IS THERE A CHANCE THAT YOU GET INTO POLITICS?