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Jobs boom in Canada

Submitted by McClarinJ on Sat, 07/10/2010 - 09:32
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Canada Job Creation Is Five Times Economist Forecasts
July 09, 2010, 11:53 AM EDT
By Greg Quinn

July 9 (Bloomberg) -- Canada’s job creation was almost five times more than economists expected in June, restoring most of the country’s job losses since 2008 and bolstering the case for the central bank to raise interest rates for a second month.

Employment rose by 93,200 in June, following gains of 24,700 in May and April’s record 108,700, Statistics Canada said today in Ottawa. The jobless rate fell to 7.9 percent, the lowest since January 2009, from 8.1 percent. Economists surveyed by Bloomberg predicted 20,000 new jobs and an unemployment rate of 8.1 percent, according to the median of 23 estimates.

The job market has been one of the strongest parts of a Canadian recovery the International Monetary Fund says will lead advanced economies this year. The Bank of Canada raised its key lending rate from a record low 0.25 percent June 1 after the economy grew at a 6.1 percent annualized pace in the first quarter. The bank said future moves depend on the balance of domestic growth and an uneven global recovery.

Continue:
http://www.businessweek.com/news/2010-07-09/canada-job-creat...

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Canada is another leftist nation that happens to be pursuing a more restrained, less inflationary economic approach than the US. There is a certain amount of precautionary investment by nervous US investors into assets denominated in both Canadian and Australian dollars. Australia happens to also be experiencing a job boom. Our loss = their gain.


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Mining! Dig Up Some Real Money! Dig Up Some Real Work!

Submitted by Mark Twain on Sun, 07/11/2010 - 17:09.

Hard work pays real gold and silver. Always has. But you must study where to dig. If you want to work in USA, go to Idaho or Nevada.

I'd say California, but you might think I repeat myself too much.

"Do Not Work" Queue: See Banking Mythology, Unemployment of

- or -

Unemployment Banking Mythology: "Do Not Work" Queue; The dole; Pay without work; Receive the benefit of others working, while you look on

No matter the statistics. Plenty of work to do. Plenty needs fixing.

In history, what did we do before "Un-Employment" was invented? Receive the benefit of others working, while you look on?

Life is rough. Here are some jobs that require fixing:

Plenty of work. My work included:

  • Printer
  • Riverboat Pilot
  • Mining, ever so briefly
  • Newspaper News Creator, fiction
  • Story Teller, fiction
  • The last couple are fiction
  • Got paid in silver to enjoy myself
  • The boys digging, oddly enough complimented my writing
  • All the while, they kept digging

And when your done working for the day, enjoy a bit of history: Jumping Frogs.
http://www.mtwain.com/

After writing about the "Jumping Frogs," if I went to a bar in the evening (an' I'm not admitting I did), I'd buy the first two & say "Mark Twain." And as if by magic, drinks kept coming.

However, the name may also have come from his wilder days in the West, where he would buy two drinks and tell the bartender to "mark twain" on his tab. The complete origin of the pseudonym is unknown.

There you have. I did not author such rubbish. But, it is probably more true than what I did write.

Roughing It,

—

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul ☑

Interesting... I'm not really

Submitted by 876Fearless on Sun, 07/11/2010 - 16:04.

Interesting... I'm not really sure if this is true but I hope it is. I can almost gaurentee that these are not gov't jobs as I currently work for DND and we're hurting bad. I worked my ass off to even get the temp job I have now. The budget's are all cut in half and people are getting laid off more than ever.

I'm unemployed in November (aside from being in the naval reserves) and I hope that there's a fair amount of private sector jobs out there. Right now in Halifax, Nova Scotia there are very few in my line of work at the momemt (Web Developer/ Graphic Design). I just graduated college and most of my colleagues are presently unemployed. I think Ontario and Quebec are doing much better than we are but I could be wrong.

This surely is an illusion.

Submitted by shuleba on Sun, 07/11/2010 - 15:00.

This surely is an illusion. The article does not identify where the job creations are. Are they in the gov't sector? the military sector? The military has been aggressively recruiting. The mall where I shop in a small city in central Ontario is closing stores one after another. I cannot see where there are any jobs opening in the private sector. Orchards, a once thriving industry, are being ripped up,and sold to housing developers. I don't know if the developers are foreign or domestic. I don't know who is buying up the properties.

Nothing said about types of jobs and for whom.

Submitted by RawfoodLiberty on Sun, 07/11/2010 - 14:33.

The numbers they give still seem very low and certainly not triggering a significant change.
Last time I heard, Canada is becoming a police state, but further info appreciated.

—

And never forget, “Humans, despite our artistic pretensions, our sophistication and many accomplishments, owe the fact of our existence to a six-inch layer of topsoil and the fact that it rains.”

Canada is 1/10th the population of the US

Submitted by wauhoo on Sun, 07/11/2010 - 15:27.

so multiply the numbers by 10 and they are significant. If they are all in the gov't sector, not good.

thanks wauhoo.

Submitted by RawfoodLiberty on Sun, 07/11/2010 - 16:32.

@J@

—

And never forget, “Humans, despite our artistic pretensions, our sophistication and many accomplishments, owe the fact of our existence to a six-inch layer of topsoil and the fact that it rains.”

Well, I know,

Submitted by McClarinJ on Sun, 07/11/2010 - 13:49.

it doesn't fit the template...

—

New Hampshire and Ecuador.