A reminder of how easy it is to con Canadians: Economy lost 43,000 jobs in June, unemployment rate FALLLS to 4.9%

shockedcanadian

Diamond Member
Aug 6, 2012
34,561
32,091
2,905
So, Canada loses 43k jobs in a month, but they present it as an improvement in unemployment because "fewer people are looking for work".

Errrr, first, how do they determine this? Second, how are they surviving then? On the streets, homeless?

No wonder our allies don't trust us (and Canadians have lost faith in our institutions).


OTTAWA — The Canadian economy lost 43,000 jobs in June, marking the first decline in employment since January.

At the same time, the unemployment rate fell to another record low of 4.9%, according to Statistics Canada’s latest labour force survey Friday.





The unemployment rate in May was 5.1%, the lowest rate since at least 1976 which is as far back as comparable data goes.





The agency attributed the decline in the unemployment rate to fewer people looking for work, while the loss in jobs was driven by a decline in self-employment by 59,000 jobs.





Employment in the public and private sectors held steady.
 

Forum List

Back
Top