home bbs files messages ]

Forums before death by AOL, social media and spammers... "We can't have nice things"

   can.ai      Will Canuck AI ask for an AI tax too?      4,517 messages   

[   << oldest   |   < older   |   list   |   newer >   |   newest >>   ]

   Message 4,472 of 4,517   
   abc to All   
   Canada adds 31,000 jobs in September   
   09 Oct 09 07:15:28   
   
   XPost: can.atlantic.general, can.francais, soc.culture.quebec   
   From: abc@123.cl   
      
   Canada adds 31,000 jobs in September   
      
      
   October 9, 2009 9:10 AM   
      
      
   The Canadian economy gained a much better-than-expected 31,000 jobs in   
   September, driven mostly by full-time jobs, Statistics Canada said   
   Friday, as the economy continued to show signs recovering from the   
   country’s first recession since the early 1990s.   
      
   The Canadian economy gained a much better-than-expected 31,000 jobs in   
   September, driven mostly by full-time jobs, Statistics Canada said   
   Friday, as the economy continued to show signs recovering from the   
   country’s first recession since the early 1990s.   
   Photograph by: File, Reuters   
      
   OTTAWA — The Canadian economy gained a surprising 30,600 jobs in   
   September, driven mostly by full-time jobs, Statistics Canada said   
   Friday, as the economy continued to show signs of recovering from the   
   country's first recession since the early 1990s.   
      
   "September's full-time increase of 92,000 — the largest since May 2006   
   — was partially offset by part-time losses of 61,000," the federal   
   agency said. "Construction, manufacturing and educational services saw   
   employment increases in September, while there were declines in   
   transportation and warehousing."   
      
   The federal agency said the unemployment rate fell to 8.4 per cent from   
   8.7 per cent in August — the first monthly decline since the beginning   
   of the labour market downturn in the fall of 2008.   
      
   Most economists had expected 5,000 additional jobs during the month,   
   with the unemployment rate rising to 8.8 per cent. This follows a   
   surprise gain of 27,100 jobs in August. That gain was driven mostly by   
   part-time positions, but was the first month in four that there hadn't   
   been a net loss of positions.   
      
   The report also noted that employment in the beleaguered manufacturing   
   sector increased by 26,000 in September — the first notable increase   
   since February 2009. Employment in construction rose in September by   
   25,000 and educational services saw a gain of 18,000 jobs.   
      
   In an interview with a Toronto radio station Tuesday, Prime Minister   
   Stephen Harper said real recovery would be evident in Canada when the   
   jobless rate starts to fall.   
      
   "I don't think the recovery really has kicked in earnest until we start   
   to see the kind of (improvement) that starts to turn around the   
   unemployment situation," Harper said.   
      
   Millan Mulraine, economics strategist at TD Securities said the   
   positive figure ". . . will certainly lead the Bank of Canada to focus   
   on the timing of future interest-rate increases set out in its   
   conditional commitment to hold interest rates at the current level   
   (0.25 per cent) until the second quarter of 2010."   
      
   "Nonetheless, while for now we continue to expect the policy rate to   
   remain unchanged until the fourth quarter of 2010, we think that the   
   risks of an earlier move have increased dramatically," he said.   
      
   Tuesday, the Reserve Bank of Australia became the first of the G20   
   nations to raise interest rates since the onset of the recession.   
      
   "Just to give a sense how abruptly Canada's labour market has turned,   
   in the past six months, the economy has managed to lose next to no jobs   
   — yet in the prior six months ending in March, the economy had lost a   
   cannonading 354,000 jobs," said Douglas Porter, deputy chief economist   
   at BMO Capital Markets.   
      
   "Today's report also highlights the deep divide between the North   
   American job markets, with Canada in a much friendlier place."   
      
   A U.S. Labour Department report two weeks ago showed employers there   
   cut 263,000 jobs in September, pushing the unemployment rate up to 9.8   
   per cent.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)   

[   << oldest   |   < older   |   list   |   newer >   |   newest >>   ]


(c) 1994,  bbs@darkrealms.ca