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Unemployment rises to 7.5 per cent in December
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This is what I call really really bad news for 2012 -- more losses in the full time sector which is absolutely the key to recovery.
KJ in Kingston Ontario
Unemployment rises to 7.5 per cent in December
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Unemployment rises to 7.5 per cent in December
CTVNews.ca Staff
Date: Fri. Jan. 6 2012 9:02 PM ET
The economy created 17,500 new jobs in December – a big improvement over November, when the economy lost 18,600 jobs. But the jobless rate still managed to creep up to 7.5 per cent, because more Canadians entered the labour force looking for work.
As many economists expected, the overall picture from Statistics Canada's latest jobs report is not a rosy one.
The unemployment rate rose for the third month in a row -- the longest advance in two years. And most of the new jobs that were created were in the weaker categories of part-time and self-employment. Among the full-time work sector, jobs fell by 25,500.
"The requirements now -- people want you to have so many more skills, for often less pay," said Adam Richardson who, after being on a job hunt for two years, and landed a full-time job last month at a Halifax-area arts school.
Prime Minister Stephen Harper said he was "very happy' that there was some job growth in December in Canada as well as even better job growth in the United States, but the economy isn't in the clear.
"This has been one of the things that's been lacking over the past couple of years. We've seen some 600,000 net new jobs created in Canada but we haven't been seeing the kind of job growth we need in the United States to help with our trade," Harper told reporters in Edmonton Friday.
"Obviously the news is not all good in the jobs report," Harper also said, adding that the economic recovery is still "fragile."
Manufacturing accounted for the majority of the jobs increase in December, adding 30,400 workers. But construction saw a drop of 12,000.
"All other industries showed little employment change," Statistics Canada said.
Derek Burleton, deputy chief economist at TD Bank, notes there's been lots of back and forth with the country's job picture in recent months, but little advancement.
"I think overall, when I take a step back, we're looking at an employment market that's pretty stagnant. It doesn't suggest we're in recession, as many Canadians believe, but we're certainly not making a lot of headway," he told CTV News Channel Friday morning.
Employment increased by 3.4 per cent in December among people aged 55 and over, but most of this was due to the aging of the population, since the number of people in this age group grew by 3.2 per cent over the last year.
There was little change in employment for people aged 25 to 54, and a decline in employment among youths aged 15 to 24.
Every province saw an increase in employment except Quebec, which lost 25,700 jobs, mostly in the construction, health care and social assistance sectors.
After a strong start early in 2011, Statistics Canada says Canada has now gone six months without any significant job gains. Of the 199,000 jobs that were created in 2011, almost all came in the first six months.
The uncertainty in the global economy, particularly the sovereign debt crisis in Europe, is keeping employers here in Canada from investing in new jobs, many economists believe. Bank of Canada Governor Mark Carney has said that weak growth abroad is now the main risk to Canada's economy.
Looking back at 2011 as a whole, the services sector was responsible for almost all the year's job gains, as employment rose significantly in the accommodation and food services industries, as well as in the professional, scientific and technical services.
Meanwhile, employment in the goods producing sector was flat. There were gains in natural resources and construction, but they were cancelled out by declines in utilities and manufacturing.
Looking forward, TD Bank's Burleton says he expects the Canadian economy will push its way through the global uncertainty, with slow growth in 2012.
"I'm comfortable with my view that we're going to eke out pretty slow growth, but it's not going to feel great because of the employment market; I don't see much growth at all in employment in the coming months," he said.
"I think the second half of the year will be better. So we're expecting job gains overall of 10,000 a month over the year as a whole, but it's going to be back-end loaded, I think, in the second half of this year."
Here are the provincial unemployment rates in December (previous month in brackets):
- Newfoundland 12.8 (13.2)
- Prince Edward Island 11.4 (11.1)
- Nova Scotia 7.8 (8.6)
- New Brunswick 9.4 (9.8)
- Quebec 8.7 (8.0)
- Ontario 7.7 (7.9)
- Manitoba 5.4 (5.5)
- Saskatchewan 5.2 (5.1)
- Alberta 4.9 (5.0)
- British Columbia 7.0 (7.0)
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I feel that if certain organs were in demand, less effort would be made to revive people. Am I being silly? Not really. I had a bad experience in hospital when my heart stopped, the doctors tried to revive me and failed. They stopped and said I was gone. I came around on my own when the nurse was giving a final BP reading of 'zero'. I heard her declare me dead! It was all I could do to shake my head but they never caught on til I was able to open my eyes. You should have seen them scramble then! I thought the nurse was going to faint. The thing is, I think we may write people off too soon when there is something of value to be gained from them.
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Parker Brown
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Andrew in Dundas
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Dave
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BlueNoser NS
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PBW
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Trevor H.
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Let's be Clear
said
Do you ever get sick of drinking the cool-aid? Seriously man, nobody is more hyper-partisan than you. What are you so scared of?
For the rest of us: write to Tony Gazebo. Maybe land a maintenance contract up in Huntsville.
For everyone: this useless East-West name calling and hatred does no good for anyone. Alberta is great, Ontario is great, BC is great, Quebec is great, and so on. One big awesome country.
We'll pull through together, bless my bleeding heart.
reidjr
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Liberal supporters are great they claim Harper is showing incompetence yet those in ontario don't hold there own liberal party to that same standard its a real nice double standard they have.
Joan in Real World
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Shar
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Bugzy
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JD
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Just Wondering - Ottawa
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Be your own boss
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Craig from NS
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Alexis in Victoria
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RobinF
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David-YYC
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you state that Quebecers "care too much for justice and democracy", and I was wondering if you could explain that in regards to Bill 101? You also stated you wouldn't vote REFORM which I think is apparent to all Canadians. Reform was about a grass-roots movement, by individuals stepping up, so to speak. That would require you folks to actually do something for yourselves instead of relying on a Nanny State, and we all know that isn't happening anytime soon. One question, how does a province blessed with so many resources, situated above the largest economy in the world and having so much (almost free) renewable electric power, end up such a financial basket case, begging money from Ontario and Alberta for decades?
Samantha
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Johnny Kakanaskis
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So the vast gold,silver,copper,zinc and asbestos mines in the north are the poster children for environmental stewardship?
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