It’s the biggest jump in employment
in the history of Stats Canada.
Aside from the Dion TV interview GAFFE TO END ALL GAFFES from yesterday, the big news in Canada today is, or should be, that the latest stats indicate Canada created a record number of jobs—including manufacturing jobs—in September; that the International Monetary Fund has said Canada will NOT go into recession in 2009 and will lead all developed nations in economic growth in 2009, and that the World Economic Forum has proclaimed Canada to have the world’s soundest banking system.
TEN TIMES the number of jobs were created that the experts had predicted.
Record job creation keeps unemployment rate steady
Updated Fri. Oct. 10 2008 8:14 AM ET
CTV.ca News StaffStatistics Canada’s latest employment report has smashed a previous record for job creation, surpassing forecasts with 107,000 new jobs in September.
[…]
The BNN’s Michael Kane told Canada AM on Friday that the record report was unexpected as it was 10 times the number economists had been predicting.
The previous one-month record was in January of 2002 when 97,000 jobs were created.
[…]
Kane said a notable aspect of the report was that the manufacturing sector grew by 1 per cent, or by 19,700 jobs.
“We’ve been so used to seeing the manufacturing jobs disappear and there in one month almost 20,000 manufacturing jobs created.
[…]
The record September gives 2008 a net increase of 194,000 jobs and comes on the heels of a slight rise in August of 15,000 jobs and a downturn of 55,000 jobs in July.
Geoff Bowlby, Statistics Canada’s director of labour statistics, told The Canadian Press that the September numbers were double-checked because of the outsized employment growth.
“We’re very confident in the number,” he said. “This is well outside the statistical error range.”
.
PTBC was founded by Mr. Johannesen in 2000.
Contact Mr. Johannesen about this article using this form. Please refer to article's title.
FOLLOW @JoelJohannesen ON X!
- Say something. - Friday October 25, 2024 at 6:03 pm
- Keep going, or veer right - Monday August 26, 2024 at 4:30 pm
- Hey Joel, what is “progressive?” - Friday August 2, 2024 at 11:32 am
