XPost: can.politics, bc.politics, ab.politics   
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   From: 08AQ"@nyet.ca   
      
   CBC News Posted: Sep 05, 2014   
      
      
   Canada loses 11,000 jobs in August   
      
   87,000 enter ranks of self-employed after 'shocking tumble' of private-sector   
   job hits   
      
        Unemployment rates in Canada	   
        U.S. adds 142,000 jobs in August	   
      
   The Canadian economy shed 11,000 jobs in August but the unemployment rate   
   stayed the same at seven per cent, Statistics Canada reported Friday.   
      
   The figure was much less than economists were expecting. The consensus was that   
   the economy would eke out a slight gain of about 10,000 jobs.   
   jobs-board   
      
   Canada lost 11,000 jobs in August, according to Statistics Canada data released   
   Friday.   
      
   The data agency said fewer youths and women in their core working years had   
   jobs, but employment increased among men in their core working years — 25 to   
   54.   
      
   Over all classes of workers, however, there was a decrease in both full-time   
   and part-time work. Ontario and Alberta made up most of the losses, with all   
   other provinces largely unchanged.   
      
   The participation rate dropped to its lowest level in more than 13 years, at 66   
   per cent.   
      
      
   Huge drop in private sector jobs   
      
   Although mildly negative, the monthly jobs number wasn't what drew the most   
   attention. Instead, economists noted a large drop of 111,000 private-sector   
   workers — a monthly record.   
      
   Ordinarily, a huge drop like that would weigh heavily on the headline jobs   
   number.  But it was offset by an almost equally large gain of 87,000   
   self-employed workers.   
      
   "When a large increase in self-employment coincides with a large drop in   
   positions paid by an employer, it begs the question of whether Canadians are   
   becoming self-employed by choice or because jobs are not available," United   
   Steelworkers economist Erin Weir said.   
      
   "One also wonders how many survey respondents are simply more comfortable   
   reporting themselves as self-employed rather than unemployed."   
      
   But the data agency saying there's no evidence in the data that the two large   
   numbers are related. "That's an interesting hypothesis," Statistics Canada   
   analyst Andrew Fields said in an interview with CBC. "But we don't know …and   
   we   
   wouldn't necessarily be able to find out from this survey."   
      
   The agency's report simply shows whether someone was employed in the   
   private-sector one month, and self-employed the next, he says. "That shift   
   would that shift would show in the numbers, but we wouldn't get a reason,"   
   Fields said.   
      
   Other economists were also scratching their heads, especially after the data   
   agency last month made headlines for initially reporting the wrong jobs number.   
      
   "The rise in the number of self-employed and the 111,800 drop in private   
   payrolls are both monthly records in figures stretching back to the survey’s   
   inception in 1976," Scotiabank economists Dov Ziegler and Derek Holt said in a   
   note.   
      
   "That’s statistically possible I suppose, but it looks very fishy to me."   
      
   Citibank economist Dana Patterson called the private-sector job losses a   
   "shocking tumble," but added that it's in keeping with a generally bleak   
   employment picture this year.   
      
   "The sickly print follows the pattern of most of this year as businesses have   
   been reluctant to hire," Patterson said.   
      
      
   http://cponline.thecanadianpress.com/graphics/2014/static/cp-une   
   ployment-aug.png   
      
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