If in March 54,900 Canadians lost their jobs, it would be front page news. But when that many people find new jobs, it’s all but buried.
Also see my blog entry from yesterday about the record highs of the Toronto Stock Exchange yesterday. You’ll need to find my blog entry because you won’t find the story easily in any liberal media.
Interesting, huh? It’s what you call “selective reporting”. Or “liberal media”. Or “agenda-driven media”.
In the National Post, in their “Financial Post” section (because it’s not newsworthy enough for the general news sections?):
Another stellar month of jobs growth
Whopping 54,900 jobs added in March
Reuters
Published: Thursday, April 05, 2007OTTAWA—Canada’s economy added a stunning 54,900 jobs in March, whizzing past forecasts and cementing expectations that the Bank of Canada’s next rate move will be an increase.
Statistics Canada said on Thursday the unemployment rate stayed unchanged from February at a 31-year low of 6.1 percent as more women took jobs in the services sector.
A record high number of Canadians either had a job or were looking for one, Statscan said in a report that sparked an immediate rally in the Canadian dollar.
“Another blowout month for Canadian employment,” said Sal Guatieri, senior economist at BMO Capital Markets in Toronto. “I guess we shouldn’t be too surprised by upwards surprises in this report, they’re occurring on such a frequent basis.”
Female participation helped boost the overall participation rate in the labor market, which includes those with a job or looking for one, to 67.7 percent, matching an all-time high first seen in April 2004.
The employment rate rose a notch to 63.5 percent, the highest in 31 years.
In the state-run CBC’s web site, in their “money” section (because it’s not news most Canadians would care about?):
Economy adds better-than-expected 54,900 jobs
The Canadian economy churned out another 54,900 jobs in March as it continued to defy expectations of only modest employment growth.
The unemployment rate was unchanged at 6.1 per cent as more people entered the labour force looking for work, Statistics Canada said.
“Canadians continue to come out of the woodwork at record numbers to meet the strong labour demands of Canadian companies,” said TD Bank economist Richard Kelly.
Economists had been looking for the addition of only 10,000 to 15,000 jobs.
Yawn. Any “man-made global warming” news? You bet.
PTBC was founded by Mr. Johannesen in 2000.
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