Canada lost 129,000 jobs in January: StatsCan


Canada's job losses in January surpassed anything seen during the previous economic downturns in the 1980s and 1990s, Statistics Canada said Friday.

With the economy staggering in recession, Canada's unemployment rate shot up by 0.6 percentage points in January to 7.2 per cent as 129,000 jobs were lost. Almost all of the job losses were in full-time work.

Since October, the battered Canadian economy has lost 213,000 jobs.

Between January 2008 and January 2009, overall employment across the country was down by 88,600 jobs.

The job losses far exceeded the drop of 40,000 that economists had been projecting. "Horrible" and "shockingly poor" were some of the words they used in reaction to the January jobless figures.

"Everybody is prepared for a pretty weak first quarter, but these numbers are probably surprising the more bearish views," said Royal Bank chief economist Craig Wright.

"Unfortunately we will see more job losses," said Sal Guatieri, a senior economist at BMO Capital Markets. "This is the start of a wave of job losses that will likely extend through the first half of this year."

BMO economists expect the Canadian unemployment rate to break through eight per cent by the end of this year. To combat the softening economy, the Bank of Canada is expected to announce another interest rate cut in March, BMO said.

Manufacturing meltdown
The manufacturing sector lost 101,000 jobs during January, the most on record for the industry. The bulk of January's losses in manufacturing were concentrated in Ontario, which lost 36,000 positions; Quebec, which lost 30,000; and British Columbia, which shed 18,000 manufacturing positions.

Losses in manufacturing were most pronounced in motor vehicle manufacturing. Employment also fell in January in the production of furniture; computers and electronics; appliances and components; and clothing manufacturing.

Employment also fell by 30,000 in transportation and warehousing, largely in truck transportation in Ontario, while employment in business, building and other support services declined by 22,000.

The health-care and social assistance sector continued to see strong job gains, as it added 31,000 jobs during the month.

Ontario plunges
Ontario lost 71,000 jobs last month, the largest monthly drop in more than three decades, Statistics Canada said. The drop pushed the province's unemployment rate up by 0.8 percentage points to eight per cent — its highest level since November 1997.

British Columbia shed 35,000 jobs as its unemployment rate also increased by 0.8 percentage points to 6.1 per cent.

Quebec's employment fell by 26,000 jobs, with all the losses coming in part-time work. The province's unemployment rate rose to 7.7 per cent. January saw large declines in public administration, following gains in December associated with hiring for the provincial election.


Unemployment by province
Province Dec. 2008 (%) Jan. 2009 (%) Employment change (Dec. 2008 to Jan. 2009)
N.L. 13.6 14.3 -1,300
P.E.I. 11.7 11.9 -900
N.S. 8.2 8.8 600
N.B. 8.6 8.7 -1,600
Que. 7.3 7.7 -25,800
Ont. 7.2 8.0 -71,000
Man. 4.3 4.6 -1,900
Sask. 4.2 4.1 1,600
Alta. 4.2 4.4 3,300
B.C. 5.3 6.1 -35,100
source: Statistics Canada


http://www.cbc.ca/canada/story/2009/02/06/januaryjobs.html

I was laid off last year, my Dad was laid off a few weeks ago, so I can honestly say that I feel for the Canucks and wish 'em the best.

Oh, and don't forget to buy Canadian, too.

It seems like Planet Earth really sucks to live on, unless you're a cocroach or some unknown animal in the middle of a jungle.

For real.
We lost about 600,000 jobs in Jan, but we have a pop of 303 million.
Canada's pop is only 33 million.
That's 4.6 times as many job losses for 9.1 times the pop.

Canada has to be hurting...

We would have to double our job losses to have an equal ratio.

For those that wanted a global economy, I guess this is the down side of it..

Fanta-

Congratulations, excellent cut and paste job with no point (again). Okay, so Canada lost 129K jobs... your point being? Is this top secret information you believe nobody else can find online but you? The very least you could have attempted to do here was blame Bush for it. Must have been a very boring, lonely, Saturday night for a certain non-Canadian to post job loss statistics.

be-not-organic,

You must be a lonely insecure dude.

Are all Bushies as paranoid as you?

What is a shame is that things like NAFTA and environmentalism have driven our heavy manufacturing out of the country and along with it, family supporting jobs..

Not all, but yeah its a shame.

"be-not-organic"? That's the best you can come up with? Oy gevalt. I suppose one shouldn't expect much from an individual who posts the sum total of their shoe size and IQ score next to their ID.

Between the two of us and according to the timestamps only one of us was here last night posting. One clue, it wasn't me Sparky. One of us was out on a real date, with a real female, in real life. One clue, it wasn't you. (no multiple emoticons indicating laughter required).

With that said, care to answer the question now?

"Okay, so Canada lost 129K jobs... your point being?"

Goats and chickens dont count as a date!


The point being is Canada as our neighbor is hurting twice as bad as us, and that as America goes others go twice as far.

Our tax money should be spent on American made products to create American jobs.
Canada needs to create their own stimulus package and quit expecting our tax money to save their economy!

My apologies for not clarifying "with a human female". I forget that those with beastiality thoughts (perhaps tendencies/personal experience) and low IQ's might require further explaination.

Impressive, I only had to ask twice what your point was (when it could have been stated initially).

So what does spending our tax money on American made products to creat American jobs have to do with your cut and pasted article here concerning Canada? Where is it mentioned anywhere in the article about our tax dollars going to save their economy? Not all of us can (or will lower ourselves to) follow Fantalogic (the ebonics of logic). Make you a deal, I promise not to embarrass you (I should say let you to embarrass yourself)further on this topic if you'll just admit here that this was a poorly conceived and presented thread on your behalf. Are you smart/"man" enough to take the deal is the real question.

And here I doubted everyone. You really are dense after all.

Here Farmer Bill. Catch up!

http://mingle2.com/topic/show/202952

why must you always ridicule a poster that disagrees with you? It's extremely immature and getting very annoying.

Please, inform beeorganic and myself what earth-shattering consequences this will have on us. Other countries are hurting. surprise, surprise. it's a global recession it's going to happen - especially in nations that are heavily reliant on others.

I ridicule him because thats all he does is ridicule.

Check out his posts!

He didnt address the topic he attacked the poster.
Why do you defend an ass.

His first post on this topic;

Fanta-

Congratulations, excellent cut and paste job with no point (again). Okay, so Canada lost 129K jobs... your point being? Is this top secret information you believe nobody else can find online but you? The very least you could have attempted to do here was blame Bush for it. Must have been a very boring, lonely, Saturday night for a certain non-Canadian to post job loss statistics.

I rest my case....

His second post;

"be-not-organic"? That's the best you can come up with? Oy gevalt. I suppose one shouldn't expect much from an individual who posts the sum total of their shoe size and IQ score next to their ID.

To answer his question and obviously yours, I said catch up and go here.

http://mingle2.com/topic/show/202952


If you cant comprehend then. Then I give up!
Dont really know why I bothered to respond to either of you.
If you cant respond to the topic, dont post!
Not many did and this thread could have died like a thousand others.
But for the persistence of oregano following my every move and making snide ass comments.

He should get over it, but he cant, so I replied he must be one lonely insecure dude.

Ohhhhhhh, now we're suppose to go to an entirely different convoluted thread of yours and try to decypher the point you're trying to make in this one? Nah, I don't think so. You'll post the relevent materials here Sparky. I was gracious enough to provide you an opportunity to retreat tactfully but notice you've chosen the path to continue further embarrassing yourself. So be it.

If it's any consolation, I needn't question your mental stability either now, your own words and consecutive multiple posting here are sufficient proof.

A little gift my intellectual capon that will hopefully benefit you in the future...

"It is often better to keep one's mouth shut and appear stupid than to open it and remove all doubt."- Mark Twain.

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