Todayâ€™s Labour Force Survey and Coming Layoffs
The Canadian Labour CongressÂ news release follows:
Employment statistics: no plan for coming layoffs, Georgetti says
OTTAWA â€“ “With so many high profile layoffs announced recently that have yet to come into effect, it is hard to find consolation in the modest employment creation statistics for the last month,” says Ken Georgetti, president of the Canadian Labour Congress in regard to Statistics Canadaâ€™s latest report on the jobs situation in the country.
“Working families welcome every announcement that unemployment is contained. However everyone knows that thousands of layoffs have been announced in the sectors where the best jobs are. We all bemoan that our federal government has no plan and no willingness to prevent further layoff announcements or stimulate the creation of good permanent jobs that pay good wages and benefits,” Georgetti explained
The unemployment numbers â€“ Statistics Canadaâ€™s Labour Force Survey reports that in August 2007, last month, the unemployment remained at 6.0%, the same as in July. The economy created a modest 23,000 jobs but there were new losses in the manufacturing sector. Moreover, in the countryâ€™s largest provinces, Ontario and Quebec, there were net losses of full time employment. In August, there were 1,075,600 Canadians who wanted to work but did not have a job.
Economist Erin Weirâ€™s Analysis
Manufacturing Crisis Continues
After a slight recovery in July, the beleaguered manufacturing sector lost 3,200 jobs in August. In total, 291,500 manufacturing jobs have disappeared since November 2002.
Central Canada Loses Full-Time Jobs
Although total employment increased, Ontario and Quebec lost full-time jobs in August. In Ontario, an apparent gain of 9,300 positionsÂ masked a loss of 5,200 full-time jobs combined with 14,500 more part-time jobs. In Quebec, an apparent gain of 1,400 positionsÂ masked a loss of 5,000 full-time jobs combined with 6,400 more part-time jobs.
The unemployment rate increased in Quebec. Ontarioâ€™s unemployment rate decreased partly because 6,300 people withdrew from the labour force.
Youth Employment Down
In contrast to previous months, employment among workers between the ages of 15 and 24 decreased by 9,500 full-time jobs in August. Part-time youth employment remained unchanged. Since these figures are seasonally-adjusted, they do not mainly reflect students leaving jobs at this time of year before returning to school.