JOBS REPORT: Canadian Economy Adds 54,100 Jobs, But Full-Time Employment Falls By 28,000

18,400 manufacturing jobs were lost.

There’s going to be a lot of attention on the top-line number in the latest jobs report: 54,100 jobs added.

But behind that number, things aren’t actually looking so good.

First of all, all the job gains were part-time. There were 82,000 part time jobs created in July.

However, as noted by Bloomberg, “The breakdown was less rosy,” and the gains were “concentrated in public sector service jobs.”

The issue there is that governments can always create jobs at a whim by expanding hiring, but that generally means larger budget deficits, more debt, and less efficiency than private sector positions.

And when it comes to full-time jobs, the numbers aren’t good:

28,000 net full-time jobs were lost. There was a net loss of 18,400 manufacturing jobs, part of a loss of 36,500 jobs in the goods-producing industries.

Andrew McCreath – a commentator for BNN Bloomberg – said the part-time gain along with full-time loss “isn’t the way we want to see things go.”

That’s the real story of these job numbers, along with weakening wage growth and only a small increase in total hours worked. Canada’s economy continues to show serious signs of internal weakening, and destructive government policy is only making things worse.

Spencer Fernando

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NancyW
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NancyW

The economy can’t fix itself either just like our growing debt, so some government made some part time temporary jobs, but probably just a computer glitch, maybe at stats Can. The economy is falling still but all they say is this is the lowest unemployment rate in a decade, CBC reporting, and they want to raise the interest rates again, so fix the numbers, borrow more money and the Lieberals are all set.

Norbert Kausen
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Norbert Kausen

…and therein lies the REAL problem!!! The Liberals tout new jobs, 54,100, they “created”, all part time, or contractual jobs with NO benefits or pension plans… not exacty very encouraging… and the loss of 28,000 FULL TIME jobs, which is highly detrimental to the stability of our economy and highly discouraging! They can call excrement a rose but it des not make it smell any better… it is still excrement!

Clive
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Clive

Even Canada’s film and television industry, which has largely replaced manufacturing in Vancouver and to some extent in Toronto, is about to become inundated with non-union “White Helmets” (who won an Oscar for their dramatic films). Will our film unions look the other way as they seem to do when Art Department personnel are concerned?