Record-Low Manufacturing Employment
For the second consecutive month, employment is down and unemployment is up. (By contrast, the situation improved south of the border.)
Manufacturing: Another Record Low
Although overall employment in goods-producing industries rose (mostly due to construction), manufacturing employment declined again. Canadian manufacturing has lost 627,000 jobs over the past nine years.
Manufacturing employment now stands at 1.7 million, the lowest level ever recorded by the Labour Force Survey (which goes back to 1976).
For those who have jobs, wages are not keeping up with the cost of living. Statistics Canada reports that average hourly wages rose by 2.4% over the past year, less than 3% inflation (although we do not yet have Consumer Price Index figures for November).
Death of a Talking Point
The Saskatchewan Party government was just re-elected touting the â€œlowest unemployment rate in Canada.â€ Todayâ€™s report indicates that the unemployment rate is higher in Saskatchewan than in Alberta.
UPDATE (December 2): Interviewed on BNN