Devastating loss of private sector jobs is an indictment of Trudeau’s failing policies.
Canada’s latest jobs report is absolutely dismal, with a net loss of 24,200 jobs, and a whopping loss of 69,300 private sector jobs.
It’s the second month in a row in which Canada has shed jobs.
The unemployment rate (which already drastically undercounts the true number of jobless Canadians) rose to 5.7%.
Additionally, while there were 27,000 ‘self-employment’ jobs created, many of those jobs represent people who previously had secure private sector jobs, and are now in a much more precarious situation.
This dismal jobs report is an indictment of Justin Trudeau’s economic policies.
After all, with so much deficit spending flowing into the economy, the very least we should expect is a temporary boost to growth. Yet growth between 2011-2015 under the Harper Government, was better than it has been under the Trudeau government, despite the fact that Harper was restraining government spending and cutting the deficit.
So, the Trudeau Liberals are managing to run up tons of debt, while presiding over a weaker economy and some dismal jobs numbers.
What a disaster.
Spencer Fernando
***
