The Jobs Numbers for March
I’m struck by the extent to which the media stuck to the story ofÂ a dismal US economy/resilient Canadian economy in reporting on Friday’s labour force numbers. See eg the Saturday Globe and Mail report. In fact,Â Quebec and Ontario combined lost 47,000 full-time jobs in March, and the Maritime provinces also showed signs of growing weakness. Almost all of the job gains were in BC and Alberta.Â It was only strong growth of part-time jobs (up 34,000) which kept the unemployment rate from rising more than it did.Â Central Canada seems to be suffering from the US downturn at least as much as most of the US.