Thanks Justin. Our economy hasn’t been this bad since 2011

Not only is Mr. Trudeau spending our money like it’s his inheritance (free and crazy), our economy is getting worse.

For every Canadian’s sake, DO NOT vote Liberal in the next election. The CVP Party has not just “a plan” but numerous plans to get this country on it’s feet again, and it’s not by spending your tax dollars like it’s free.


Worst monthly job losses in nearly five years

Canada sheds 31,200 jobs in July: Statistics Canada

The Canadian labour market lost 31,200 net jobs last month as the country experienced the biggest monthly drop in full-time work in nearly five years.

Statistics Canada’s latest labour force survey says the market shed 71,400 full-time positions in July — a number partly offset by an increase of 40,200 in less-desirable, part-time jobs.

The agency says full-time work in Canada hasn’t suffered a one-month blow this big since October 2011.

The report says the national unemployment rate in July crept up to 6.9% from 6.8% the previous month.

The survey also says paid employee positions fell by 28,400 last month, compared to a decline of 2,700 in self-employed work.

A consensus of economists had predicted the country would add 10,000 jobs and the unemployment rate would move up to 6.9%, according to Thomson Reuters.

Statistics Canada also released fresh figures that showed the country’s merchandise trade deficit with the world grew to a record $3.6 billion in June.

The numbers show that Canadian exports dropped 4.7% in the second quarter to $124 billion — their largest drop since the second quarter of 2009 during the Great Recession.

As a result, Canada’s quarterly trade deficit expanded to a record $10.7 billion in the second quarter, up from $6.4 billion in the first quarter.

 

FACTS AND FIGURES

OTTAWA — A quick look at July unemployment (previous month in brackets):

Unemployment rate: 6.9% (6.8%)

Employment rate: 60.9% (61.0%)

Labour force participation rate: 65.4% (65.5%)

Number unemployed: 1,344,800 (1,326,300)

Number working: 18,023,300 (18,054,500)

Youth (15-24 years) unemployment rate: 13.3% (13.0%)

Men (25 plus) unemployment rate: 6.3% (6.3%)

Women (25 plus) unemployment rate: 5.4% (5.3%)

UNEMPLOYMENT NUMBERS BY PROVINCE

Here are the jobless rates last month by province (previous month in brackets):

  • Newfoundland and Labrador 12.8% (12.0%)
  • Prince Edward Island 9.6% (11.0%)
  • Nova Scotia 8.4% (8.2%)
  • New Brunswick 9.7% (10.3%)
  • Quebec 7.0% (7.0%)
  • Ontario 6.4% (6.4%)
  • Manitoba 6.2% (6.1%)
  • Saskatchewan 6.3% (6.1%)
  • Alberta 8.6% (7.9%)
  • British Columbia 5.6% (5.9%)

Reference

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s