Canadian economy lost 88,000 jobs in January

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National jobless rate rises to 5.9 per cent
CBC News · Posted: Feb 09, 2018 8:44 AM ET | Last Updated: 13 minutes ago
The Canadian economy shed a surprising 88,000 jobs in January, with the losses concentrated in part-time work, Statistics Canada reported Friday.

The drop in employment — the biggest one-month slide in nine years — pushed the national jobless rate up by 0.1 percentage points to 5.9 per cent.

It's a marked difference from November and December, when a total of 145,000 jobs were added.

In January, Statistics Canada said part-time employment declined by 137,000. Meanwhile, full-time employment grew by 49,000.

"Overall, a mysterious mix of good and bad, with the latter's impact blunted by how strong job gains were in the lead-up to these figures," CIBC chief economist Avery Shenfeld wrote in a commentary.

"January saw an (88,000) drop in employment, reversing about half of the spectacular gains we registered late last year. But the details also looking wonky, with all of the job losses in part-time work," Shenfeld said.

The weak employment report for last month was worse than economists had been expecting. The market consensus was for a loss of roughly 9,000 jobs.

Statistics Canada said the largest employment declines were in Ontario and Quebec. There were also decreases in New Brunswick and Manitoba.

In Ontario, which increased its minimum wage in January, employment fell during the month, due to losses in part-time work. The unemployment rate in the province was little changed at 5.5 per cent as fewer people participated in the job market.

By industry, employment across the country dropped in several fields, including:

  • Educational services.
  • Finance, insurance, real estate, rental and leasing.
  • Professional, scientific and technical services.
  • Construction, as well as health care and social assistance.
Conversely, employment grew in the sector designated by Statistics Canada as business, building, and other support services.

In the wake of the release of the January jobs report, the Canadian dollar traded higher, rising by 0.16 of a U.S. cent to 79.46 cents US.
 
"January saw an (88,000) drop in employment, reversing about half of the spectacular gains we registered late last year. But the details also looking wonky, with all of the job losses in part-time work," Shenfeld said.

一个月丢掉了8万8个工作岗位,相当于去年全年增加职位总数的一半。

寒冬和混乱还在后面。
 
与此同时,隔壁美国一月份新增工作岗位20万。
 
National jobless rate rises to 5.9 per cent
CBC News · Posted: Feb 09, 2018 8:44 AM ET | Last Updated: 13 minutes ago
The Canadian economy shed a surprising 88,000 jobs in January, with the losses concentrated in part-time work, Statistics Canada reported Friday.

The drop in employment — the biggest one-month slide in nine years — pushed the national jobless rate up by 0.1 percentage points to 5.9 per cent.

It's a marked difference from November and December, when a total of 145,000 jobs were added.

In January, Statistics Canada said part-time employment declined by 137,000. Meanwhile, full-time employment grew by 49,000.

"Overall, a mysterious mix of good and bad, with the latter's impact blunted by how strong job gains were in the lead-up to these figures," CIBC chief economist Avery Shenfeld wrote in a commentary.

"January saw an (88,000) drop in employment, reversing about half of the spectacular gains we registered late last year. But the details also looking wonky, with all of the job losses in part-time work," Shenfeld said.

The weak employment report for last month was worse than economists had been expecting. The market consensus was for a loss of roughly 9,000 jobs.

Statistics Canada said the largest employment declines were in Ontario and Quebec. There were also decreases in New Brunswick and Manitoba.

In Ontario, which increased its minimum wage in January, employment fell during the month, due to losses in part-time work. The unemployment rate in the province was little changed at 5.5 per cent as fewer people participated in the job market.

By industry, employment across the country dropped in several fields, including:

  • Educational services.
  • Finance, insurance, real estate, rental and leasing.
  • Professional, scientific and technical services.
  • Construction, as well as health care and social assistance.
Conversely, employment grew in the sector designated by Statistics Canada as business, building, and other support services.

In the wake of the release of the January jobs report, the Canadian dollar traded higher, rising by 0.16 of a U.S. cent to 79.46 cents US.
看来加不了息了。
 
"January saw an (88,000) drop in employment, reversing about half of the spectacular gains we registered late last year. But the details also looking wonky, with all of the job losses in part-time work," Shenfeld said.

一个月丢掉了8万8个工作岗位,相当于去年全年增加职位总数的一半。

寒冬和混乱还在后面。
再看看,不要闭上眼睛拍脑袋。
cp-unemployment-jan.png
 
是没有跳水,但比早上起来时已经跌了不少,希望跌再跌继续跌,人民币又超出想象的强劲,每个中国人手上多少都持有人民币,中国人显得更富有,符合广大中国人的利益。

这次还真没跳,至少目前是这样
 
是没有跳水,但比早上起来时已经跌了不少,希望跌再跌继续跌,人民币又超出想象的强劲,每个中国人手上多少都持有人民币,中国人显得更富有,符合广大中国人的利益。
在加拿大有工作有收入的中国人估计不会这样想
 
上次美国次贷危机的3个条件:
1. 债台高筑
2. 失业率
3. 加息

美国次贷危机的关键因素是借贷体制。
 
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